My post was in response to a question about how Copper Fox shares become more valuable after the Teck financing is arranged i.e. the mine was economically feasible and going to be developed.
We all know that the decision to develop Schaft Creek has not, as yet, been made and, therefore, financing has not been arranged.
Therefore, will the mine be developed? Based on all currently available information, especially Ernesto’s participation in the new private placement, a positive mine development decision appears quite likely. For more info, check the FAQ’s and the February 2018 presentation on the Copper Fox website
When will this decision be made? That is up to Teck and the Board. However, engaging a very reputable PR company for the next 6 months is a very positive step in the right direction.