Re: Teck 52-week low and back-in/buy-out thoughts?
in response to
by
posted on
Sep 06, 2012 09:57AM
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%)
Did you conveniently forget about the price of molybdenum? Moly has a far larger impact on our economics than gold and silver. If I remember correctly, we are only slightly better off with our 3 year prices now than in 2008.