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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Opportunity knocks
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Jul 26, 2018 11:37PM
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Jul 27, 2018 03:17PM

In reading your assement of the situation and other comments about a 3-4 year timeline for Galore. What does everyone think about the timing for SC? 

If Newmont believes that Galore is being developed in 3-4 years, would it not stand to reason that the same could be said about SC? 

Hard to believe that Galore would be developed as a stand alone project, let alone ahead of Schaft Creek.

Given the timeframe to submit an EA, get approvals and start construction there would need to be some commitments this year.

 "Galore is at least four years away before they announce a production decision more than likely after SC is up and producing.SC is far more advanced with much less capex needed"

"Newmont and Teck have agreed to a 3-4 year timeline to develop Galore. Schaft Creek should be bundled with Galore to improve economics for both projects. Now is the time for CUU to divest SC. Newmont paid a good price for Galore and Elmer needs to seize this opportunity."

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