Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Re: Teck's licence
7
Sep 13, 2012 03:19PM
3
Sep 13, 2012 04:44PM
1
Sep 13, 2012 05:45PM
1
Sep 13, 2012 05:49PM
2
Sep 14, 2012 10:59AM

Sep 14, 2012 01:12PM
2
Sep 14, 2012 06:41PM

As far as I can tell this was the last statement on the QB2 project: "Teck is in the process of reviewing comments by the regulators, after which the application will be resubmitted" From a BofA document: "We understand Chilean regulators want to obtain more information on hydrology and vegetation in the project area, and go on to say that, financing options are under consideration with the potential for an additional funding partner." It looks like they are still planning on going forward with QB2, but maybe they are looking to dilute their ownership.

I had a short email from Teck investor relations and was told: "We wouldn't consider our decisions to exercise our back in rights on our exploration ventures as acquisitions." This might be the reference that you were looking for earlier, Skibum

[Here's a quick summary of the project: QB2 capex is estimated at $5.6 bn (100% basis) including 13% in contingencies. The project's base case metrics include: 135 ktpd throughput, 200 ktpa copper production (0.49% grade), 5 ktpa moly production (0.018% grade) at $1.38/lb C1 cash costs]

Share
New Message
Please login to post a reply