Re: Another great day for Teck
in response to
by
posted on
Feb 23, 2016 06:51PM
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%)
I also think Teck is going to have to bolster their copper supply/production for future years and depending what the "real" numbers they come up with are, I am hoping Schaft Creek fits their bill. It would be nice to see them get moving on this thing while labour and fuel are easy to come by and cheap. I bet you could get a hell of a deal on mining equipment right now too...
What you say really makes sense, but what are your thoughts on the percieved "shelving" treatment we are getting. Is it feasible that Teck would out of the blue start down the road of production with Shaft. Also, curious what your thoughts on timeline would be
Thanks