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 nambuon Jun 12, 2009 12:05am

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Post# 16064606

2009 Coking coal price cuts...

https://www.bloomberg.com/apps/news?pid=20601087&sid=ababDwlbBE2k

Good spot to pause. Contract prices may be weak here but can't stay that way too long.

Not to beat a dead horse with this guess at a scenario - but a tie up with BHP for 20% of TCK coking would mean a market corner that might drive up pricing - unless the Chinese see it coming and get while the getting is good.

Selling Morelos into gold strength might be accretive, no? But who would buy - would Goldcorp up their stake from their current fifth in these conditions?

A superb run from the spring lows regardless. But a good spot to pause.

GLTA (even you covered call writers :)

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