Re: Teck shares now back to where they started prior to Glencore offer: Pressure is on
posted on
Oct 26, 2023 03:28PM
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%)
Before we had at least (3) big players in the area. Eventually, would not be surprized if they all merge into one, leaving us with less parties to bid for our 25% (assuming Teck says no).
MoneyK