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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: Re: Solid strategy SC
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Oct 18, 2023 02:34PM
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Teck doesn't fool me.  Schaft Creek is at the completed Bankable Feasibility stage with the 2013 43-101-compliant Feasibility Study. 

Of the very little work that Teck as operator has done on the project since its 2013 option for 75%, none of this work has "unvalidated" the Feasibility Study, imo, and this very little work has only exposed much more positive economics and even more jaw-dropping unsurfaced value.  

Besides, Teck doesn't even need a 3rd-party prepared Feasibility Study, or an update on one, to make a sanction decision.  IIRC, QB2 did not get to the Feasibility Stage before being sanctioned.

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Oct 19, 2023 01:14PM
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