Re: Teck CUU agreement
in response to
by
posted on
Feb 22, 2012 09:29PM
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%)
Maybe I am looking at this wrong but in my opinion this back in talk is getting too complicated.
The world is, and will be, hungry for copper. This world hunger has become the mining giants hunger.
We are low hanging fruit. Within an arms reach of Teck. They will reach out and take as much of us as they can get.
No matter what amount CUU management wants - it will still be a good deal for Teck.
Bostrin