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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: M&A
M&A
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I was referring to Newmont as a special case. They have an existing deal already with Teck at Galore. My approach would be to discuss with Newmont the possibility of a similar deal. They won't get far with any discussions before Newmont calls Teck directly anyways to find out the development plan and if they would consider accelerating if Newmont came on board. The response you received suggests Copper Fox has to arrive at a price, offer it to Teck and then chase down a buyer without gauging if there's any interest out there. There are other approaches they should consider given their track record. There's no longer any reason to delay the ROFO, if that's the approach they're considering, now that the PEA is done( 6 months ago less a week). Then there's s Van Dyke with a PEA that is over a year old. Have they not talked to anyone?

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