Re: Don Lindsay on BNN Friday at 5:30 PM Eastern
posted on
Mar 23, 2015 12:44PM
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%)
Lindsay said: "...would be willing to suspend the dividend for the purpose of purchasing a producing copper assets."
So Lindsay must believe in the rising value of copper soon if Teck is willing to suspend its dividend. Not that Teck shares offer a lucrative dividend anyway, but some shareholders would surely bolt if that came to pass.