Re: Teck CEO says major M&A speculation "grossly overblown"
in response to
by
posted on
Apr 24, 2013 01:58PM
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%)
Though potentially interpreted as not busy with us either especially with the first sentence where if our expectations were higher and we've come to an impasse ...
True...they could have reached an impasse with us. But, Don Lindsay said numerous times that they will always continue looking for new projects because that is their job. He said there is not a lot out there that is appealing to them. It's not like they have a lot of options then even in this climate with other majors letting projects go. We have a big, big mineral project in a stable area and Teck has an option to buy in quite inexpensively. So I guess it's a matter of whether or not they can find a way to make it work with what we're asking for.