Well said YM and Chunky.
Teck does seem very closed mouth to me.
I try to go on their website to read about SC or anything related to copper.
Yet, I don't see it. Even in the copper page, there is no sub category of Schaft Creek. We are only mentioned in one presentation and the quarterly releases. Last time I checked, Teck owned 75% so why aren't they promoting it as much? Why don't they announce that they have a JV with Copper Fox? Similar to their 50/50 partnership with Novagold.
I feel that the reason they don't say much about Schaft Creek is the financing condition in the JV. Imagine if other majors or analysts that follow Teck realizes they are in a JV with a junior and they will finance the junior to production. And the junior is sitting at 52 weeks low?
Reason to hide that is Teck wants buy out our 25%. Giving opportunity to a active shareholder to purchase a chunk of CUU and prevent management from negotiating and getting a deal done with Teck.