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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: Teck / Glencore
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So they have $4ish billion to spend basically. They have highland valley expansion, qb debottlenecking whatever that is, zafranal and san nicholas (50/50).

 

They're not going to sanction anything until 2025.  Almost like they're waiting for some approval or other items.

 

Zafranal is over $2 billion capex now.i think sc capex would be similar then but double the copper output.

 

 

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