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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%)

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Message: Teck's mid-term options

From the Investor's day, I recall Don saying something about Galore & QB3 possibly online before the end of this decade.

SC seems a couple of years ahead of Galore.  When does that put us online?

Once QB2 is up and running H2 2022, Teck will need a project to keep their people busy and it's definitely not QB3 and Galore!

San Nicolas & Zafranal have been for sale since pre-covid.  I doubt Teck changed their minds about bringing those to production.

My guess is that while QB2's capex get's paid, they will slowly ramp-up the next project in queue. I think SC would fit very nicely between QB2 and Galore/QB3.  I could see them completing the PFS/FS (if needed) withing 1-2 years and start construction in 2023 once QB2 is proven to be stable.

IMO.  

MoneyK

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