Re: opinion of copper outlook
posted on
Mar 19, 2015 09:47AM
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%)
Well that's certainly telling of how Teck feels about the copper outlook and their needs.
How many other juniors is Teck partnereed with that would meet that need?
On a side note, trading at 22 cents with already 128k shares traded.