Re: Share swap
in response to
by
posted on
Aug 28, 2019 07:29PM
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%)
I think it was timing.
Downturn in the commodities market, along with their large financial obligations at Fort Hills.
Remember, Teck was trading at 3.76 and people were talking like they were going to go to $1. If it did, I would've sold all my CUU and moved it to Teck.
Now they have QB2 where they've been looking at it personally longer than SC.
I feel 6 years and how the market is and how much cash they're generating, SC should be next on their list. Much sooner than other project.