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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: Re: QB2 or Schaft Creek
14
Jul 24, 2013 12:13AM
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Jul 24, 2013 12:40AM

I thought the last time Don Lindsay spoke about QB2 he was cooling on it. This is from a report by Raymond James that BurningRoF quoted on June 10th:

Recall that we previously pushed QB2’s start-up date to 2018E (from 2017E), following Teck’s CEO Don Lindsay indicating at a recent investment conference that a Board decision on the project is at least 18 months away.

As RT said, their two partners owning a total of 23.5%, are thinking of selling rather than paying for the expansion. I wonder if this is causing the delay. It must be causing some difficulties at the Board level.

2
Jul 24, 2013 08:23AM
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Jul 24, 2013 08:52AM
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