SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Copper Fox
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Theotokos
To: Zep70 who wrote (8989)1/2/2015 7:24:36 PM
From: louel1 Recommendation  Read Replies (2) of 10654
 
People seem to have a tipping point like a teeter totter. Either a project is the greatest thing on earth, Or it is a worthless dust bowl. There is lots of territory between those points. That is where Shaft Creek lies.

It is neither magnificent or a Dust bowl. Which way the teeter rocks between negative and positive depends on a few things.
The biggest one is mineral Prices. Bfs has MOs2 three year avg. priced in at $14.64 Today it is selling for $9.53 with no up swing in sight. Every time a new copper mine starts producing it adds to the surplus of Moly. As MOs2 is produced and sold as a byproduct.

Copper is calculated at $3.63 , Futures for 1 and 3 year contracts are under $3. Then Bfs. Silver and Gold at $27.74 and $14.45 respectively. Todays prices ? svr. $18.55, Gld $1400.38.

Mineral prices need to rise. Put gold up to $2000, Copper at $4+ and Silver over $30. It becomes a whole different picture. And it will happen. It all depends on your age as to how long you can continue to hold. If you don't sell before you die, your estate will sell it for you.

So in answer to your question, What did Teck See ? Teck sees a securement of future reserves and a viable future mining operation when conditions warrant it.
Higher grade deposits are getting rarer and harder to find. In the future the norm will be mining deposits like Shaft Creek. It is minable. At present there is just nothing really special about it.

An example. When I was a kid timber was endless. Trees were topped at 8 inches. No logs with a smaller diameter. Today as our forests deplete, stumps are cut at six.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News