Re: Teck slashes dividend...
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Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
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%)
Message: Re: Teck slashes dividend...
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Teck is going to save $340 million in cash from this cut.
I knew they were going to cut it if commodity prices didn't improve.
Shows the opinion of Teck and what they see in Schaft Creek. If it was so bad, why spend even the $20 million for the JV, then $3 million for for year study and then another $5 million this year.
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