Re: Teck slashes dividend...
in response to
by
posted on
Apr 21, 2015 07:06PM
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%)
For the record, Teck B shares closed to 6.44% today on volume of 5 million.
That's definitely a hit, but not as bad as I would have figured.
The s/p sits at $15.83. It was at $13.56 on Jan. 15 and $12.82 on Dec. 12.
I would expect it to continue to drift over the coming days but whether it hits either of those two low points remains to be seen.