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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: Negotiations
I am comvinced that informal negotiations have been going on for many months now, probably through Teck's technical people as intermediaries. Any time large financial negotiations happen, the parties will be far apart to start. Maybe we are getting closer now, but who knows how much progress has been made. Both parties probably do want to prolong this thing as long as possible, because after the clock starts ticking they can't prolong it. I cannot conceive of how they will reach an agreement if I am wrong and they haven't been in at least informal negotiations.
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