Just putting this out there....
Management is excellent......A delay was a possibility the whole time...Schaft creek is a massive project. I have nothing but faith in them and will continue to do so. Investors hate having their money tied up for too long and all we're seeing right now is the people that want to go to cash and play with other stocks.
Im going to bring a few things up;
1)All the times it was posted on this board that "Elmer promised us it would be out by PDAC" etc. etc. As I alluded in my post on Friday....management needs to be vague about these kinds of responses. The fact that its written here as a promise leads me to believe theres some kind of spin thrown in. This boards been in buyout frenzy for a long time and I do believe that a lot of the positive misrepresentation on timelines is to blame for people feeling let down, I dont think mangement has much choice here. They said Q1...where did the "before the PDAC" come from? From here on out...call the company yourself...dont rely on the posts here as gospel, there is definately spin to the positive thrown on them.
2) Q)If you do a BFS.....followed by a revised resource estimate what do you have?
A) An outdated BFS.
So you really cant do the bfs first.....it makes A LOT more sense to be done this way in the first place. Be patient ladies and gentlemen.....and Ill be the first to say....it might be longer than mid-late summer....do not be surprised.
3) Theres a ton of companies out there looking for resources. A lot more than there used to be thats for sure. We still only have the same amount of Wardrops, Tetra-Tech's, Amecs etc. Ever been to a busy restaurant? Thats right....it takes longer.
4) Anyone who went all in and is desperate for cash right now....guys Ive been there and it sucks...believe me I know. Please remember who made the choice to put themselves there.....that is not managements fault.
5) Big E calls the shots.....no matter how pissed any of us get, or what we want, hes got the power to overstep all of us.....honestly....I dont think we even matter in the equation between Big E and Teck....we're just hitching a ride.
Just my .02.....Im really not surprised at the delay whatsoever.
The endgame hasnt changed a bit....its just going to take longer to get there, the reward will come when the job is done.
Rogue,
