Re: Maybe was priced in pretty disappointing.
in response to
by
posted on
May 14, 2021 10:57AM
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'll redo my price estimate once I see the economics. Probably only swing trade opportunties at that point. The improvements in op costs and strip ratio were significant and unexpected. Makes me wonder what was missed in the 2013 FS but then Teck is a miner not a consulting company. These results plus good economics(post tax) will give something to CUU they haven't had since 2013, leverage.