Re: Teck sells another asset
in response to
by
posted on
Oct 08, 2015 01:38PM
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%)
About $2000 @ 36 cents 5 years ago or so.
Bought shares I think 5 more times, at the end averaged 1.17 with about 65k shares total. First sale was 20k on our last run up.
Like I said, WAY too much for my modest means (I don't have deep pockets). A painful, but well learned lesson for me.
Still able to be debt free in my 40's, but lets say my RRSP account needs some work to be back where I would like it to be. Thankfully my job has a good pension.