Re: Teck Presentations
in response to
by
posted on
Nov 08, 2012 09:45PM
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%)
Great to see us on a few of their slides for once. Note the points listed under "Opportunity":
Good find Rapid and Chappy
I'd like to expand on the two items i've highlighted, as at times, i feel they may have been somewhat overlooked in our board, in comparison to emerging district and regional land packages.
There has been some previous reference to the prospect of a Galore property being more attractive based on synergies of a Schaft Creek - Galore 'district'.
- a road and needed expensive river bridge into Schaft Creek would serve as part access into Galore and other Teck holdings in the area
- economies of scale would be realized in many logistical fields, i.e. transport cost for moving material and supplies in & out of the district
- mining camp efficiencies on multiple locations
- more effective in manpower recruitment and retention with longer district mine life
- shared knowledge and expertise
- equipment acquisition and maintenance > be it new or acquired from other Teck operations, i.e Highland Valley as they become less productive
- Port of Stewart feasibility and NTL access
- government and 1st nations support
While I'm not advancing an idea of a simultaneous operation, i think it's reasonable in a longer term view, that the synergies and sharing of resources is very possible as one property develops in advance of another - and of course, there are the additional lands Teck has in the NW.
just my thinking out loud
cheers
jaf