Re: Teck sells another asset
in response to
by
posted on
Oct 07, 2015 05:09PM
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%)
Ya Know, I read this BB every day probably more out of habit after lo these many years, but havn't felt the need to participate in the banter on a regular basis. It has been entertaining to say the least.
To answer your question, anything is possible, but I try to look at what the money, EE, is most likely to do and that tells me to monetize this asset for the right amount as soon as possible with the least amount of tax liability. With the current macroeconomic environment it is best wait to get the most value going forward. So we wait with positive expectations, otherwise why are we here?
That being said, I will go back to my other life for now.
GLTA Longs