Re: possible buyout scenario.
posted on
Jun 25, 2020 11:09AM
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%)
For another major, 25% of SC is just securing resources for the future, majors play the long game.
The long game LOL. You do know that ROI has a time component, eh?
Another major in the handcuffs of the SCJV can't force Teck to do anything we can't. Get real.