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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%)

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Message: Re: Commodities
9
Apr 08, 2016 12:21PM
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Apr 08, 2016 03:15PM
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Apr 08, 2016 03:37PM

If somebody asked D Lindsley a couple years ago about his outlook for oil for a couple years after, I bet he did not see the plunge and the ensuing carnage coming and I guess he would see prices in the usual range of the last few years ,with median price almost 3 times higher than now.

I fully agree on that part

To me his view is worthless but I hope his optimism will turn out to be the correct feeling.

His view is of some importance since he is the one holding the keys of our ''future mine'. If he is still delusional about future oil prices, he would probably not cut thousands of jobs and cutback projects like SC and try to hoard any cash he can to make the debt ratio look ''managable''. It seems they are cautiously taking for granted, with reasons, that at this pace they will not be profitable for a few years at Forth Hill. To me there will be a direct impact on how much Fort Hills drains Teck's resources and how much they are able to spend on ''Future projects'' like CF. GLTA

5
Apr 10, 2016 05:13PM
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