Re: Teck CEO says major M&A speculation "grossly overblown"
in response to
by
posted on
Apr 23, 2013 03:17PM
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 has been flaunting their cash for a while now... this gives leverage to Elmer and Ernesto. Investors hate overpaying for properties the same way they hate when there own company is holding a lot of cash without any dividends or any aquistions... good example of that is Apple.