Re: What just happended with Teck.B stock?
in response to
by
posted on
Sep 15, 2021 12:18PM
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%)
Algoma will be upgrading to electric arc furnaces from existing gas fired furnaces. This will not replace the met coal used as an ingredient of the steel they produce. Steel produced without the use of met coal to meet the demands of the modern world is still in it's infancy and cost prohibitive but the technology is slowly moving forward.
Radagast