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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: Teck News

"VANCOUVER, British Columbia, March 24, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced that in light of depressed prices for Western Canada Select, and to reduce negative cash flow from Fort Hills, the Partners in the Fort Hills limited partnership have decided to temporarily operate Fort Hills as a single train facility. ..."

Sounds like they are going to try to reduce the severity of the already negative cash flow. There is zero chance Schaft Creek would be cash flow negative if producing today. Without the 7-8 years of idiotic games being played, we'd be in our FORTH year of production today with a sub-$1.00CA CUeq cost per pound.

MoneyKeevil's been pretty quiet lately.  Guess he's got a lot explaining to do to Sheila about past project funding choices, eh?

JMHO

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