Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Re: Goldman Sachs 12-month copper target = $4.30

Golf, what would you have done in Teck's shoes,

I could write a book...and might actually do so one day...

1) Would never have invested in Fort Hills oil sands in a sunset industry
2) Would never have funded less profitable and riskier QBII ahead of SC
3) Would have instead have sanctioned the lowest-cost copper-gold mining district in the world at half the capex spent on FH and half the capex for QBII 
4) Would take credit today for not investing in a sunset industry like oil and instead optimized a high-margin cash-cow mining district that would make a $4 Billion to $5 billion dollar difference on Teck's balance sheet today (including Teck's imminent loss of a couple of billion dollars on FH capex investment, plus lost SC revenues over the last 4+ years)
 

Share
New Message
Please login to post a reply