TSX:TECK.A - Post by User
Comment by
ozrameshon Dec 09, 2016 12:18pm
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Post# 25576798
RE:Teck decreases debt and boosts dividend
RE:Teck decreases debt and boosts dividendTecks acquiring Teena project from Rox Resources was a steal, given how Zn has recovered in the last few months. The future looks good when you can see they are decreasing debt, acquiring good assets, which are due to be developed into a pipeline of projects......
If you all remember Breakwater Resources (TSE:BWR) was acquired by Nyrstar when Zn was $0.75/lb....@ C$7.5/share.
Teck acquired the undeveloped Teena projects from Rox Resources(ASX:RXL) for A$18 Mn, when Zn was at $1/lb in Oct...now at $1.25/lb.
[url=Teck Resources (TCK) Enters Agreement to Acquire Teena/Reward Zinc Project]LINK[/url]