Teck, ZNX...I am hearing through the grapevine that Teck Resources is active at their Cirque deposit (
20 km away from ZNX's Akie deposit) this summer. I expect in due course things will get very interesting. I am sure everyone can figure out the possibilities...
In my opinion, ZNX is worth a $1.00 per share...at least. With patience. Great buy at this level.
From a Teck Resources news release about a year ago:
Teck creates zinc pathway with five satellite projects
2022-05-12 23:03 ET - News Release
Mr. Don Lindsay reports
TECK LAUNCHES ZINC SATELLITE TO SURFACE VALUE FROM PORTFOLIO OF ZINC ASSETS
Teck Resources Ltd. has launched a zinc satellite initiative focused on surfacing value from Teck's portfolio of world-class zinc development assets located in the Americas and Australia, including five substantial zinc resources.
Zinc satellite will build on the technical and commercial expertise of Teck's project satellite team, which has advanced and increased the value of various copper growth projects, including San Nicolas in Mexico and Zafranal in Peru, such that Teck now has the best portfolio of copper growth options in the industry.
"The market outlook for zinc is strong due to declining production from existing primary zinc mines, underinvestment in global exploration for zinc and long-term demand driven by decarbonization, which is galvanized steel intensive," said Don Lindsay, president and chief executive officer. "Zinc satellite will leverage our successful project satellite approach of making prudent investments to advance each asset by identifying pragmatic development options and paths to value. Value could ultimately be realized through a stand-alone investment, a partnership or other transaction."
The five zinc satellite projects are:
- Aktigiruq -- Alaska, United States:
- 100 per cent Teck owned;
- Located about 14 kilometres from the existing Red Dog operation;
- Scoping study in progress;
- Cirque -- British Columbia, Canada:
- Teck: 50 per cent and Korea Zinc: 50 per cent;
- Located in west-central British Columbia close to existing infrastructure;
- Ready access to Teck Trail operations smelting and refining facility;
- Anarraaq -- Alaska, United States:
- 100 per cent Teck owned;
- Located about 11 kilometres from the existing Red Dog operation;
- Teena -- Northern Territory, Australia:
- 100 per cent Teck owned;
- Located about seven kilometres from Glencore's McArthur River operation;
- Su-Lik -- Alaska, United States:
- Su: 100 per cent Teck owned;
- Lik: Teck: 50 per cent and Solitario Zinc Corp.: 50 per cent;
- Located about 17 kilometres from the existing Red Dog operation.
These projects represent five of the largest 25 undeveloped zinc deposits globally and are all located in stable jurisdictions. Teck has established work programs and teams to advance these potential zinc growth options with prudent investments to improve its understanding of each asset's potential and define associated development options and paths to value for each one.
Teck is currently the world's largest net zinc miner based on zinc production from Red Dog in Alaska and Antamina in Peru. It also operates one of the world's largest integrated zinc-lead refineries, located in Trail, B.C.