Re: Letter to Teck -- Stop the hostile and costly SCJV partner starvation insanity
posted on
May 19, 2023 11:58AM
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%)
Glencore has said more about SC in the last several weeks than Teck in 10 years! That's insane to me. Venting here but it's true.
Why didn't Teck just update our 2013 feasibility after the years of further drilling and field studies (since 2013)? Why bring us back years to start over? There is an internal agenda folks! Teck essentially stating we wasted all those years of work and the 85 million spent on SC pre-joint venture! It's sickening.