Re: Teck QB2

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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%)

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MoneyK

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Re: Teck QB2

in response to

Teck QB2

youngmoney

posted on Dec 10, 2018 08:30AM

Listened to it. They seem focused on QB2.

They mentionned the satellite projects, but obviously didn't mention anything specific about them. When someone asked if they would consider any other investment in the next couple of years due to the fact that they only need to pay 700M at the end of 2020 for QB2, they said their priority is to complete QB2.

They also said that they want to return money to shareholders by buying back more shares or give a dividend with the money.

Poker game or reality? Only time will tell. Teck is loaded with cash and has access to a lot more credit if required.