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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: brundall who wrote (9630)	8/28/2015 12:44:01 PM
From: radagast	1 Recommendation Recommended By biggerbob68 Read Replies (1) \| Respond to of 10654

Teck teaming up with Goldcorp to develop copper mines!! Unfortunately, it's in Chile.....another nail in the coffin for Schaft Creek? ********************************************************************************* On the contrary, the previous estimate for Teck to develop Relincho was $4.5B. Now at 50% of $3.5B for the joint venture, Teck's price tag is reduced to $1.75B. If Relincho does go ahead (lots of hoops to get through yet) before Shaft Creek, this frees up $2.75B for other possible forward capital expenditures. A lot of if's to consider but I think it's very positive. Perhaps Goldcorp would like a piece of Shaft Creek. Radagast