Re: Traders know the guys are in a meeting
in response to
by
posted on
Dec 01, 2011 02:34PM
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%)
Last post on this train of thoughts - what I am trying to gauge is the influence of the Chinese shareholdses on the upcoming TECK decission regarding CUU/SC, which I would assume to be very positive. If there was even small Chinese ownership of TECK pre 2008 they may have had some influence on TECK's decission to got after Fording and in fact they may have even guaranteed to step in should that be required - whoch it was. This is 100% speculation, but .........