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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: Teck's presenation SC
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Nov 06, 2023 07:00PM
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Nov 06, 2023 09:42PM
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Nov 07, 2023 06:18AM
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Nov 07, 2023 06:41PM

What do you expect? Mining takes time.

 

Look at QB2, I think their last updated FS was in 2017? They sanction it in 2018? This was all done with permits on hand. and they're in production in 2023.  Basically 6 years from now.  A decade is not so much if you consider pre-feasibility study, feasibility study and sanction case.

Basically i do see SC being a mine one day but the larger question is at what point does Teck feel like they want us around to reveal the value of SC.  And at what time/value CUU insiders feel like they're ready to let it go. I believe all that will come far earlier than all the milestones of putting SC into production.

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Nov 08, 2023 10:51AM
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