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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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"After this round of drilling on an Untested area, the scope and potential size will change completely (proof in hand) and so will the price tag."

If Teck wants our 25%, they have the bias not to show the potential size of Schaft before trying to buy out CUU. They don't want a bidding war. However, insiders would welcome a white knight if there is one to be had.

IMO, I believe Teck wants more proof before justifying to their shareholders buying out CUU. If the proof is in fact in the pudding, Teck should want to consumate a deal before releasing profound results. If results are not as favourable, then that's a different discussion altogether.

Calvin

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