Re: Semi-OT: INK Research on Teck and Mining Overview
in response to
by
posted on
Sep 26, 2014 03:08PM
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%)
The JV has the port secured and Teck is in control of the JV. Therefore, Teck controls the port. Zero need to buy out CUU because of the port access. Same goes for the land.
That was my impression as well.