Re: Worst Case Scenario
in response to
by
posted on
Oct 13, 2014 02:31PM
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 last few days there seems to be a sharp turn in Saudi oil policy.They seem to embrace an oil price 20 dollars lower,instead of approximately a hundred bucks,close to eighty bucks.They plan to hit investment and make life difficult for say American higher cost producers(shale,oil sands..?).
I wonder what Teck thinks about this and if this Saudi move makes Teck view copper even more favourably and shift their emphasis more toward copper.