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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 and Glencore: forum discussion rendered moot by this...

Glencore is basically undervaluing Teck.  Teck made what? $9 billion last year and Glencore made $17B?

so new merged company, Teck would add 35% to the bottom line and Glencore would contribute the remaining 2/3.

Yet the new merger is at a 25%/75% split. 

 

This is before factoring the new ebitda growth from Teck in QB2.

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