Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Turn a 200kt copper surplus into 1.6mt deficit in 3 easy slides
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Another article that questions the surplus forecasts is here:

http://uk.reuters.com/article/2014/12/11/copper-concentrates-home-idUKL6N0TV2V820141211?feedType=RSS&feedName=rbssEnergyNews

Maybe this will prompt Teck to change the forecast 2015 surplus in slide 12:

https://www.teck.com/res/tc/documents/_ces_portal_meta/downloads/investors/ir%20presentations/2014/20141202_scotiabank_mining_conference.pdf

The huge variability in forecast numbers suggest they use a dartboard to select their estimates so they are really just posting their best guess.

9 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply