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: Teck debt rating now Junk
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Moody's has downgraded Teck's stock to junk status, and expects things to remain bad until 2017. They are calculating their worth based on a $2.35/lb cu price amongst other things. It seems to me mostly on the back of the Fort Hills commitment.

Maybe we will get Teck shares after all, now that they are junk rated. Or maybe we'll have to wait until 2017 when the world is forecast to be a better place. It's not the best news.

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