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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: Update from PDAC
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Mar 06, 2012 07:22PM
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Mar 06, 2012 08:12PM
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Mar 06, 2012 11:24PM
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Mar 07, 2012 12:21AM

Great update DC14,

I guess Im just patiently waiting for a buyout as my eyes wander to other great plays on the venture. One of the points you made ;

One other point he made centred around the TECK agreement. He stated "you could shoot a cannon through it from a legal perspective", meaning there will be many issues that would require negotiation between the parties that are not as clear cut as one would like (not the legality of the contract itself). He did comment that the relationship with Teck is very good and they continue to meet regularly.

This was my understanding for quite a while, did he go any further into this?

Not that I think its going to affect the buyout, the fundamentals are clearly there that we will be left with whatever Teck walks away from but Im just curious if he went into a little more detail.

Rogue,

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Mar 07, 2012 01:31PM
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Mar 07, 2012 01:43PM
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