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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: Van Dyke

If I was EE, I would keep a few $M from the (hopefully) imminent sale of SC and poke the holes needed into EH and MM to advance them to next stage. For the cost of those drills and the potential value add it would be worth it.

 

Maybe the full 8 quarters of hydrogeology won't be needed at VD for a derisk. Likely the first few months will show what the picture is there to confirm all will be fine to entice a buyer, given the other risks (mining under Miami, geochem leaching issues, indigenous concerns) have been resolved. Maybe a sale could happen in 2025 after 8 months of monitoring. I could see hanging around if a sale/year of their portfolio was forthcoming, all my shares are in TFSAs.

K

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