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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%)
Message: Re: opinion of copper outlook
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Effective 2016, global mine production would start falling at a rate of about 280 000 t/y. “By 2017, we see markets getting extremely tight. By 2018, we’ll need more projects,” he advised.
If they (Teck) would start building later this year SC would almost be ready for 2018...
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