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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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Message: Teck Resources to cut five percent of its workforce as profit drops
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It is for reasons like this (Teck cutting it's work force) that I'm not at all convinced that we will see a buyout THIS YEAR for our 25% portion. Teck, in my opinion, will be careful until the market improves - they can afford to wait as they are the operator. I would love it if I am wrong and it happens sooner.

I am still very positive for my investment as I know of no other opportunty where I conseratively expect to make 4X any new investment sometime in the next 2-3 years. I appreciate those "Valuation" posts from yesterday. I picked up another 15,000 shares this morning.

https://ca.finance.yahoo.com/news/teck-resources-cut-five-percent-workforce-profit-drops-105356871--finance.html

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