RE:TECK and CUU technicalsA lot of hopefull speculation in ECREV's post.
1) This means that TECK has reviewed all of the info in the BFS and has no material disagreements with its contents
If That is true then Teck still sees it as a low grade
deposit. Lower than average so it may sit on the back burner while they develop higher grade deposits as they have been doing for the last ten years or more..
2) The work done in 2018 and 2019 is "anticipated" to include many improvements.
Poster is guessing, Hoping, Grasping at any straw, 0 facts to back up the statement. Or even give it some credibility.
3)The BFS used $ 0.98 Canadian dollar per $1.00 US whereas the current rate might be $0.75
Copper was calculated at $3.25 it is now $2.80 and Labor costs have gone up by 7% Fuel costs have inceased Carbon tax adding another 50 cents per liter before the mine can be built. An additional Payroll tax of 3% on all wages and benefits not calculated in CUU's feas
This is just a couple of things. But together they amount to more than the 8% IRR the Feas came up with.
I could go on but I'm sure you get the picture. The post is simply rediculas pumping by some one who is probably deeply under water and desperate.