...and drop their failed partner-starvation strategy, and for once buy a project way before the top of the cycle?
They talk a big "counter-cyclical" talk but I see no evidence that Teck has learned its lessson.
Citigroup now anticipates that average copper prices in 2025 will be up to $15,000 per tonne. Its $8,521 today. A 76% increase. Another CITI report cited average $12,000 per tonne. Still a 40%+ jump.
Gold will follow that trajectory to some degree and will probably be $2,500 - $2,700 just 18 months out.
Whoever is interested in obtaining our 25% of SC, or our entire portfolio while they are at it, would likely be the laughing stock of the industry for waiting longer and ending up paying way more.
With Teck's bigger brother Newmont being made to wait in the wings way longer than planned, and now strong Teck statements about Galore permits and PFS in 2023, something has got to give for us!
Tick tock!
JMHO