Re: Why would TECK walk?
posted on
Jan 07, 2013 06:19PM
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 don't think anyone could come up with any reason for Teck to walk away, but in the same phrase I can't give one good reason why the market appears to be walking away either.
Time will tell, but I hope the BFS shows Teck more information than it did to the general public.
GLTA