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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: A bit of intel

I asked ES if he sees any positive sides in the last news release. A big positive for us according to him is that..... (Teck are continuing to invest funds in the Schaft Creek project to investigate a major component (location of tailing dam) of a mine project and assembling a project team)  About Shaft Creek.. ( the Schaft Creek is an advanced stage project. The focus in 2018 was to look at a number different scenarios and identify the scenario that maximized the value of the project.  From the results of the 2018 work, additional studies/work would be required to advance the project to the next phase with the ultimate objective of a production decision)  

About the imminent copper shortage and Tecks apparent delay which may cause them to loose part of the cycle should they decide to develop or sell.. (It’s not a function of waiting, it’s a function of completing all the studies necessary to understand/define a project that exhibits the economic merits on which a multi-billion investment decision can be made.)

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