Re: Teck slashes dividend...
posted on
Apr 21, 2015 02:37PM
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%)
They keep on preaching how there will be a shortage on copper and how bull they are on copper etc... And now they are cutting dividends because of copper prices... They either got their calculations wrong on the short fall or they are gearing up for a good size aquisition on a copper project... this can't just be a coincident or can it? My take is this year looks more promising for a production decision. Copper will recover quicker than coal and oil.