Re: Teck Announces Dividend and Buyback
in response to
by
posted on
Nov 21, 2017 07:43AM
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%)
One idea that I always come back to however is : If Teck really wants to move the project forward, then they dont really have to buy the 25% out, no? They could just go ahead and start the construction with CUU and CUU would need to finance its part? Why is everyone always thinking that the only thing stopping this project from moving forward would be EEs appetite for his 25% ? I mean if EE really wants 1B for his 25%, why Teck could nt let it to rest and rather invest that 1B into the construction instead?
Am I missing something here?