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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: Zijin buying stakes in Papua New Guinea/Congo Mines

I am getting around ~17.1 billion for MI&I, although the prices for the metals used at that time could have been different and I just took some spot prices.

But I am correct to say if Teck was going to pay 1.00/lb Cu (just some random number i made up) it would be based off the Measured and Indicated or Proven and Probable not the Measured Indicated and Inferred? Or else the price would be lower for the Inferred resource (Say like $0.50/lb Cu) or the entire lot would be reduced to $0.90/lb Cu (again made up number to show decrease in price because of including inferred) because of the inferred?

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