Re: What just happended with Teck.B stock?
in response to
by
posted on
Sep 14, 2021 03:40PM
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 don't get it. Don @ Teck said last year that they're using cash flow from coal and invest into copper as a transition to green economy.
That being said, you still need your coal in the new green economy or how else are you going to make steel for infrastructure? Teck is a big player as they provide coal for steel, zinc to galvanize the steel, and copper for the electrification.
Why not fort hills and frontier?