- Schaft Creek Drill Results by Q4 2013
I don't see where it says that. Is that statement from the conference call?
Sorry, I should expand since I was on the phone when I wrote that: Got on the Teck Conference call (anyone can do this, even if you're not a Teck Shareholder).
However, was not able to ask a live Question. So I left my number and Greg Waller VP at Teck called me back.
We discussed all the Copper projects. Specifically, Schaft Creek: he checked last week and drilling was complete. Teck will now wait for results, which are expected by Q4 2013. Following the results they will see where they want to go.
Interesting, that he paused for a few seconds before speaking about Schaft Creek in particular. Maybe because it wasn't in the NR and nobody is publically talking about it. Its funny that the money being spent on Schaft Creek and the relationship with CUU is also non-existent in the NR.
- QB2 he said was not completely halted because there is some work being conducted but from the NR it clearly states its "halted" or "on hold".
- Relincho, just as the NR states. Awaiting completion of FS. Then research what to do next.
- Galore Creek: Teck is awaiting the sale of their 50% JV to a new partner, then speak to them about future plans.
- Continued stating that Teck has been at a flat growth spot for Copper for the past 4 years.
- Teck has no current interest to add (Acquisitions) to the Copper Portfolio. Unless there is something worthwhile.
It looks like with Schaft Creek and Relincho available as big Greenfield projects, there is little appetite to expand the Copper portfolio.
I suggest if you have further questions, give Greg a call. He was very knowledgable.