Re: Don Lindsay's comments on Schaft Creek

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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: Don Lindsay's comments on Schaft Creek

in response to

Re: Don Lindsay's comments on Schaft Creek

CanadaG

posted on Sep 20, 2020 07:52AM

Per the 2013 numbers, Schaft Creek (100%) would easily generate over 1.8B CAD in revenues (year 1-7) in the current price environment with zero improvements. How can this not have anything to do with Teck's future?

In 2019, their copper business generated 22% of gross profit and steel was 58%. Schaft Creek would be what... probably at least 60%-75%?

Obviously, the less they say and show about SC, the better. Last things they want is a bidding war for this future cash cow.