Hi Sam,
First, TECK doesn't give a "......" about you, your mother, your broker, your friends et al.
TECK are in this "small financial" play to discover new orebodies, nothing more, nothing less. They have hungry integrated mills/smelters/refineries etc to be fed.
Let me give you a broad trivial statistic; approx one in one thousand discoveries "may" result in a mine being established. TECK stays in touch with the juniors (and invests in) because they are more cost effective in terms of finding an economic orebody than the majors.
The reason is simple enough, investors don't mind losing their money, TECK does.
regards, Terence Mitchell
PS. In the past, I've done projects for TECK. Quite simply, they are in the Mining business to make money. Their investment in SVB is just one of many strategic investments around the world to ensure future concentrate supplies to feed the principle infrastructure investments in place. TECK will be anywhere that the smell of base metals, precious metals, energy sources etc, etc, etc occur. |
