Re: Teck Announces Dividend and Buyback
posted on
Nov 21, 2017 09:41AM
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 one could argue they would have done that deal in the first place if they could have found a partner to share the costs. Since they did nt, then your reasoning leads to their intent to motball the project until they found the appropriate partner? That would sadly make sense