Re: Let's explore the potential ugly downside...
in response to
by
posted on
Jan 07, 2013 10:31AM
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%)
Teck walking has always been the best case scenario.
Owning and selling 100% not 25%...
If 18% of Quellaveco goes for 1 Billion then we should at minimum go for 5.6. And Schaft Creek is not Quellaveco.
How many deposits this size with this upside potential with feasibility in hand, in Canada with no enviro issues and permits around the corner...
Teck made that mistake once with Cobre..
Considering the deal Teck is getting for 75%....I wish.