TSX:TECK.A - Post by User
Post by
MoneyKon Nov 12, 2020 2:39pm
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Post# 31886474
Net Cash Flow sleeping
Net Cash Flow sleepingDear Teck,
During your next conference call, it would be great if you could educate shareholders why an annual production of over 400M lbs of CuEq is still sleeping in the ground at Schaft Creek, BC.
With copper at $3.15 US and gold at $1900 US, that represents close to 2B CAD of revenues per year with a gross margin most likely above 50%.
60% of the capex could be financed by debt and the other 40% by streaming some gold. With 247 000 ounces of gold produced every year during the first 7 years, less than 5 years of gold streaming should be sufficient to put this mine into production with ZERO additional cash from Teck.
How much better can it get for shareholders?
JIMO,
MoneyK