Re: Teck Presentations
in response to
by
posted on
Nov 08, 2012 08:32PM
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%)
I thought Don Lindsay had said last year that gold was 'fun' but wasn't something that they were chasing. Now a few slides on chasing gold: "To create and realize value in the gold business" (Slide 15).
I thought this stood out... Don't we have 7.368M oz Au (M+I)...
75% of 7.368M OZ = 8.12M Oz. easily beating their 5M Oz target
To create and realize value in the gold business
Define > 5 Moz Au eq Resource
To create a gold asset base with a market value of +$1B
Of couse, they are talking about their gold projects but the SC gold is significant to TCK's objectives.