TSX:TECK.A - Post by User
Comment by
VOKBLVRon Aug 17, 2016 3:33pm
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Post# 25151367
RE:25% of world's zinc reserves
RE:25% of world's zinc reservesIf I read this news release properly- Teck has 50% as of now as a joint venture partner and also has a JV agreement with Mirandi for a second property. If Teck equals the Mirandi offer to Rox then Teck will have 100% of the Rox/Teck JV. and will still have a 50% JV on the second discovery. The amount of money involved in a global context-seems faily low to gain 100% of a fairly large deposit.- What it does is allow Rox to go out and find something else and compensate them for the monies expended proving up the deposit -When it comes to mioveing from discovery to production is where the heavy lifting comes in and Teck is certaily capble of moving the project forward when the time is right- am not sure of the depth of the pockets of Mirandi.
It really shows the global reach of the exploration arm of Teck-they play all over the world but currently only produce in the Americas.