Re: Teck buys (more) of copper/zinc play....but its not us...yet
posted on
Jul 07, 2017 11:48AM
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%)
The only waiting I see is the outcome of the RE decision. The $ 20 million for the production decision is an asset tied to the JV agreement and has to count in any deal to sell SC. I would prefer it stay there so it won't be squandered like the first $ 20 million payment, in my opinion.