Re: QB2 Slow Motion Disaster
in response to
by
posted on
Oct 24, 2023 12:59PM
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%)
You need to factor COVID and inflation. $4.7B in 2018 is not the same today.
Teck didn't have enough data regarding SC to even consider it as an alternative to QB2. Shame on them for dragging their feets. They could have spent $20M on SC 10 years ago. Pocket change for them. Worst part is that out management accepted that.
MoneyK