Re: Incremental demand for copper in China
in response to
by
posted on
Jan 09, 2017 02:51PM
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%)
Reno, you could be absolutely right. I'd be thrilled if that were the case.
On the other hand, you could be flat out wrong. I wouldn't be the least bit surprised if that were the case.
There are a number of grizzled veterans here who have made similar predictions year after year. At 12.5 cents per share, you can surmise that the optimism has been misguided to this point. We've watched many frustrated fellow investors cash out in search of greener pastures.
Teck has a whole host of options on its plate in terms of development. Whether Schaft Creek figures into those plans anytime soon will hopefully be revealed this year, but it's possible 2017 will be another year of relative silence. Be prepared to be patient, that's my advice.