HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: TECK

TECK

posted on Oct 13, 2008 09:30AM

I saw in an earlier post that TECK was a significant shareholder in TEMEX. This is interesting because even though they have a lot on their minds lately, like their share price dropping from $50 to $16 and the Fording Coal acquisition and the Fort lost hills tar sands project cost increasing from $14 billion to $21 billion, they are a very progressive company. They deal in billions of dollars routinely. They are shifting their focus from zinc to metalurgical coal, copper and specialty metals. Their CEO (Don Lindsay)knows the banking and investment industry inside out. He was heavily involved on the banking side with Falconbridge's bid for Voisey's Bay nickel. Continuing with an interest in nickel, in 2006 Teck, under Mr. Lindsay's lead made a $16 billion bid for INCO but was outbid by CVRD. Their interest in Temex is maybe because their claims are adjacent to MTX copper discovery but you can rest assured, Teck is keeping an eye on Noront and their Ni/Cu as well as their vast land holdings and varied potential. Being king of the North American ferrochrome industry would certainly be appealing. When you are thinking of majors, don't ignore Teck.

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