Re: Why would TECK walk?
in response to
by
posted on
Jan 07, 2013 06:44PM
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%)
"Like somebody mentioned, our price may be based on pounds in the ground, but Teck has to deal with shareholders who won't be happy with our need for 500% of the current share price."
My sentiment exactly.