Re: Teck sells another asset
in response to
by
posted on
Oct 07, 2015 04:58PM
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%)
whats the chances that if schaft creek gets sold that management just gives CUU shareholders another dividend and keeps the majority of the money from the sale of schaft creek for themselves to continue operating the business ?