Re: Timeframes/Sentiment
in response to
by
posted on
Jul 23, 2013 09:01AM
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%)
There just aren't that many players out there able to take on such a large project.
The ''players'' don't need to take anything on, Teck is already the operator, the other players just need to secure the 25% and enjoy the ride.
Teck is down playing this, if you go on their website they didn't mention the part about financing to production. You don't hide something when you don't care.
http://www.teck.com/Generic.aspx?PAGE=Teck+Site%2fMedia+Pages%2fMedia+Detail&releaseNumber=13-23-TR&portalName=tc
No other buyer would buy a minority stake without a Teck decision to build.
What ? I can give you plenty of examples where that happened.
A major is smart enough to figure out what just happened, Teck wanting to keep 75% and the land and getting their foot in with BC Hydro. They all know the mine will be built.
So again they (other majors) must secure the 25% before someone else does. They can afford to wait, imo many can't afford to lose it.