Re: Teck's BMO slide presentation along with Project Satellite Summary is up on their website.
posted on
Feb 26, 2019 05:09PM
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%)
Teck's unlevered after tax IRR is 19%, levered it's 30%, in the sanction case. See slide 35 in here :
https://www.teck.com/media/20190225_BMO-Global-Conference-Final.pdf
Those are great numbers for a long life project(minimum 28 years) that only accesses 1/4 of the defined metal resource. Teck is updating the economics for SC at what they call a conceptual study level. If they like what they see then they'll probably proceed with a NI43-101 report. How many years does this have to drag on before you admit there was a problem that needed fixing?