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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%)

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Message: Re: Teck's Q3 - Copper Cost = $1.69/lb
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Teck's Q3 - Copper Cost = $1.69/lb
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gece1
Oct 24, 2012 05:48AM

This is a very relevant figure, gece1. I'm glad you highlighted it.

No matter how much deferring and delaying Teck is doing, if Teck's executives are reviewing a BFS for Schaft Creek that shows a negative number to produce a pound of copper, then Teck is going to cough up a chunk of its existing billions of dollars to ensure it doesn't lose such a gem, IMO.

The economy is going to come back. Demand for commodities will pick up. Teck is planning for 5, 10 and 20 years out, not just for tomorrow.

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Re: Teck's Q3 - Copper Cost = $1.69/lb
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BurningRoF
Oct 24, 2012 09:54AM
Re: Teck's Q3 - Copper Cost = $1.69/lb
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unearththis
Oct 24, 2012 10:08AM
Icon president Re: Teck's Q3 - Copper Cost = $1.69/lb
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stockfriend
Oct 24, 2012 10:24AM
Re: Teck's Q3 - Copper Cost = $1.69/lb
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CanadaGrant
Oct 24, 2012 11:04AM
Re: Teck's Q3 - Copper Cost = $1.69/lb
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BurningRoF
Oct 24, 2012 11:07AM
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