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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: Teck at Deutsche Bank 26th presentation

Schaft Creek was mentioned at least as many times in the previous conference presentations going back to last year. I'm specifically looking to see if they release any new information like they did last year on the resource modeling that Elmer didn't release until much later. The result of the desktop studies is the next information to be released but it may not end there. From the Feb 06 press release " If upon completion of the desktop studies, the SCJV concludes that there is the potential to materially change project economics, the SCJV will assess the timing and scope of further studies and a NI 43-101 Technical Report if warranted.  ".

This can be dragged out for a long time. That's why I want to see a sale and Newmont has been paying a premium for copper/gold assets.

 

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