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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: Why would TECK walk?
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"Like somebody mentioned, our price may be based on pounds in the ground, but Teck has to deal with shareholders who won't be happy with our need for 500% of the current share price."

My sentiment exactly.

This wouldn't be difficult to overcome though. They could simply announce their intention to back in 75% and a week later announce a complete buyout. I don't believe Teck would walk away from a sensible and lucrative deal because it would be hard to explain.

They could also hold off making any sort of announcement until they had lined up a partner and they could show their costs were very low. As long as they want to buy into the project I don't think the stock price will be a problem.

Our problem would be if they weren't interested. We have to keep that possibility alive even if it is a distant possibility. They have quite a few juniors that we don't know about that are fulfillling contracts all the time. They might have a better project on the go. This hasn't all gone to plan so far for us so there is a chance...

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