Re: What just happended with Teck.B stock?
in response to
by
posted on
Sep 14, 2021 03:32PM
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%)
I like this from the Bloomberg news release...( my bold print)
Possibly setting the stage...
Exiting coal could free up resources for Teck to accelerate its plans in commodities like copper, as demand shifts to the building blocks of an electrified global economy. Deliberations are at an early stage, and Teck could still decide to keep the business, the people said.
herbie1