Re: Teck 52-week low and back-in/buy-out thoughts?
in response to
by
posted on
Sep 06, 2012 10:16AM
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%)
My mistake, I thought you were using those numbers to show we were way better off. The price of moly has crashed since 2008. The 3 year average in 2008 was $33 and the current price is around $12. This just proves how significant a 4 metal mine is in regards to hedging against wild price swings.