With the JV management meeting happening within the next 2 weeks, the outcome of this meeting is very important for shareholders. The material news that could be released to the investing public could signal a new phase in project development. Elmer is expecting the conclusion of the Optimization stage of the project and hoping for a final report from Teck regarding the new findings of Schaft Creek in connection to overall value (the last 3 years of project advancement since the BFS). Based off the news and conversations with management, this could be the time to get excited and feel optimistic for the company. The below historical publications are future forecasts for an event outcome happening now.

May 7th/2015 company news:

If warranted by the new studies, updating of operating and capital costs, flowsheet design criteria, and a new financial simulation are planned for later this year.

Nov 6th/2015 company news:

Those aspects of the Optimization studies currently underway at Schaft Creek are confirming the previous findings and the balance of this work is expected to completed by the end of 2015