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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%)

Message: SC makeover

Reserves are fine -- the NR says so. Reserve is the economically proven stuff that meets a FS's profitability threshhold.  In Schaft Creek's case, because it was so poorly proven up (poorly drilled up imo), it had a lot of 'economically unproven' inferred resource.  The most minor of yearly drilling programs over the last 6 years under Teck operation would have upgraded gobs of that inferred category into the economical category of reserves -- does 171 MT ring a bell?  This was recommended by the 2012 Feasibility Study, indicating that only a very minor amount of confirmation drilling would go a long way in adding up to 20% more to reserves. Of course Teck didn't dare prove up a district's worth of reserves.  That would be far too much in the Joint Venture's best interests...

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