Re: Incremental demand for copper in China
in response to
by
posted on
Jan 07, 2017 05:45PM
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%)
Teck could give us shares... 1 for 20...
This would only dilute them about 3%.
They could then sell 40% to a partner and finance a good portion of the build.
This would give them a lot more cashflow per year that would largely compensate the investment. Great ROI!
I'd take 1$ per CUU share against teck shares at these levels.
MoneyK