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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: Thought of the Day

Newmont bought 50% of Galore Creek 4 years ago. Where was it in Teck's pipeline back then? It is now moved up to medium term. +/- 5 more years. 

I think Schaft Creek is in a similar situation now as Galore was 4 years ago. ( probably more advanced).

My thought is that this years program/results are something that a potential partner for Teck is looking to see prior to jumping into the project. 

I could see another year or possibly 2 and someone will come in for a precentage of Schaft Creek, unless Teck wants 100% of the project.

Remember, we are the ONLY project in Teck's pipeline that is not owned 100% or partnered with another Major. It's not in Teck's DNA to parter with a company of our size. Basically, carried to production without any requirement of capital. 

 

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