Teck's cost per LB.
posted on
Jan 03, 2013 07:22PM
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 have been an investor in CUU since early 2010.
I have continued to add to my position up until Dec. 28th. 2012 when there was an opportunity and I was able.
Although I have never contributed to the board I am an avid reader.
My first question is --
Someone mentioned a week or so back that Teck's cost per LB. to mine copper as an average from their mines owned was $1.26 per LB.
If my memory here of the number is incorrect or if I have misrepresented what they were referring to , could someone please let me know this figure.
Thanks