Re: QB2 Slow Motion Disaster
in response to
by
posted on
Oct 24, 2023 04:48PM
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 must have gone to the Trump school of economics. We all need to see the meta studies and other delayed info before estimating "fair value". However given Tecks history I doubt we see anything. They will drag their heels until forced to face reality by some outside force. That will probably be around the time copper is over 4.50 a pound and gold over $2100 an oz. Maybe sometime in 2025 according to the pundits.
Whenever I think of the delay in getting this piece of crap monetized I feel pity for people like Bostrin who have serious health issues and have been waiting for over a decade to get rewarded for their loyalty only to be completely ignored by management. They really have no shame.