Re: Teck Presentations
in response to
by
posted on
Nov 08, 2012 07:04PM
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%)
I like the quote from Keevil as well:
βThe job of our exploration department β indeed almost its sole purpose β is to provide us with new ore bodies for development when we need them, as well as maintain reserves at established mines. Whether this is done from the grassroots or through negotiations is not important. What is important is that it is done.β Norman Keevil Sr., founder of Teck
It's almost as if they're trying to get people to understand the importance of an acquisition.