Why Teck Won't Walk....(unless)

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

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neofight

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Why Teck Won't Walk....(unless)

posted on Mar 05, 2013 08:58PM

Teck is in business to make money. That doesn't necessarily require mining every property they can. If it can back in and take 75% of a copper district by incurring future expenditures of about 360 million and complying with the other agreement terms, then surely the only reason they would walk would be...(wait for it)... if they thought they couldn't sell that position for a significantly greater sum.

Whether Teck needs or wants a copper play is irrelevant to the back in decision if they can flip their position for a good profit.