reserves vs reserve, apples to oranges...
So what kind of fruit is Copper Fox ? Because out of all these other companies that have a resource or reserves 1 out of 1000 become a mine. At the end of the day that's all that matters.
Economic ? We proved that on 1/2 the resource estimate and a fraction of the potential, with charged waste rock.
Of course it doesn't end there.
you need power - check
you need a strorage port and good logistics - check
you need goverment and First Nation support - check
helps if you have no environmental issues - check
then you can get EA and road permits because you need those to right ? (coming)
how about a safe jurisdiction - check
multiple and realistic possibilities to improve economics (tpd, recoveries, waste rock, grades etc) - check
potential to expand resources and reserves for decades - check
sure you need money to do that, how's $90 - $270 - $360 million ? - (wait and see)
you need someone who can operate a mine (who better than Teck) - (wait and see)
How about someone who finances you to production - (wait and see)
you don't want to be taken out for a song so 65% insider ownership sure puts an end to that.
So let's talk premiums