Re: Teck back in or not !
in response to
by
posted on
Jul 24, 2012 05:21PM
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%)
Regarding Capex..
Let's not forget, Teck is getting 75% of we've proven for 300 million....and 75% of that 300 million is funding Teck.
And as someone posted Teck tends to partner up with other big players, sometimes 2, sometimes 3= 50/50 or 50/25 or 33/33/33
This is why we'll see the Feasibility (I think the other needs to see it) and this is why I think Elmer is saying Teck will take it all.
2 big boys won't want us around...
I did recently speak with Elmer regarding Teck paying $3.80, he laughed hard at that. Said ''do you honestly think Teck values us at 1.5 Billion''