Teck selling coal, their earnings is going to take a hit overall. They think the new "pure" play copper ratio will help keep the share price up? I'm not so sure on that. Teck might need to expedite some of their copper projects sooner or later. QB2 can only fill the void by met coal so muhc.
Agreed.
The newly minted Teck metals will want to:
1. Establish the new entity and brand, with a bulls eye on copper to address looming shortfall,
2. Shore up its Canadian footprint to reinforce its Canadian presence in wake of announced Glencore deal, possibly to ensure that deal gets federal nod,
3. Establish a new world class copper pipeline in geopolitically stable BC/Canada, with the smaller projects in Latin America as appetizers.
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K