Re: Teck 52-week low and back-in/buy-out thoughts?
in response to
by
posted on
Sep 05, 2012 11:35AM
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%)
The market is acting like it's preparing for another recession. Most commodities stocks are continuing to take a real pounding. CUU has held over the past couple of months because of the BFS anticipation, I imagine.
But September is the month that Helicopter Ben is likely going to attempt another stimulus rescue so I'm going to hang tight for a market turnaround.