Teck Ressources delays Frontier oil sand by 5 years!

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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%)

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fr33man

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Teck Ressources delays Frontier oil sand by 5 years!

posted on Jul 10, 2015 01:34AM

Sorry...Seems like I cannot copy/paste de link as Im waiting for my flight in Manila Airport! But check it out on (The Globe and Mail)

Does that suddenly get more even money available on the side for a new GOOD aquisition....? uuhhhmmmm...

They Definatly need some good decisions in the VERY NEAR futur imo:

-In April Teck Slashed his semi-annual dividend from two-third to 15 cents a share...

-A month later, they temporarily shut down 6 coal mines..

- and now today, they just announced a 5 year Delay oh his Oil Sand project...

-....whats the next move....????

Makes me wonder how can we still be in the waiting with such a "conservatively low cost production."