Re: Incremental demand for copper in China
posted on
Jan 07, 2017 10:33PM
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%)
So is Don and his board any different than ES/EE at blowing smoke up our backside?
Why can't people just be honorable enough to keep their word and do what they say they are going to do.
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I agree with everything you are saying Golf, except the bit about Teck/Don not keeping their word.
Everything Teck has ever said or put in a presentation/website/NR has ALWAYS shown Schaft Creek at the bottom of the development pile. It has never been presented as something they were planning to move on, just something shelved for the future. That has been their guidance and they have been true to their word. Look at the copper section of Teck's website and SC is barely mentioned. QB2 and Highland Valley expansion are the stated copper priorities.
That's not saying that can never change (and I hope this eventualy does turn out better for those who are sticking it out), but my opinion of the crew running the show couldn't be lower.
Trying to justify his ridiculous salary by wasting cash reserves on the "other" projects is shameful IMHO...