Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s): TCKRF | TECK | T.TECK.B

Metals & Mining Industrial Metals & Minerals

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek Project, NorthMet Project, Mesaba Project, NuevaUnion Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a copper and zinc mine, located in the Andes Mountain range, 270 kilometers north of Lima, Peru. The deposit is located at an average elevation of 4,200 meters. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 meters, approximately 350 kilometers north of Santiago. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.

TSX:TECK.A - Post by User

Teck Resources Ord Shs Class A

Bullboard Posts

Post by BigNickon Mar 06, 2009 8:30am

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Post# 15825180

EVCC 20% sale

This coal sale is fine, but does ~1.5 BLN really put a dent in the 12 BLN they still owe? It translates in to a net loss of (5.6 BLN - 1.5 BLN) = 4.1 BLN, on the 20 % of coal patch sold, as 14 bln for 50% = 2.8 BLN for each 10th of EVCC. Worse yet, another way of looking at that would be that they paid (14 - 1.5) = 12.5 BLN for the 30% left that they acquired.
Right now the coal patch accounts for just over half the value of the company by my calcs. I would rather see the copper and zinc assests flogged at this time if they are giong to get rid of anything.

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