Thanks. 

The most significant change in Copper Fox future is the impact of electric vehicles on copper demand - see slide 86 of Teck's presentation to Global Metals Conference. Slide 92 clearly demonstrates that currently planned copper production will not, in Teck's opinion, cover projected future demand i.e. 4.6+ million tonnes needed by 2027 but only 1.8 million tonnes of probable projects.

A shortfall of this magnitude should, logically, result in very significant increases in the price of copper.

New copper mine projects are badly needed. Schaft Creek is one of 5 Teck satellite projects. Teck has the money, so why not spend some of it on Schaft Creek? Why not acquire Copper Fox in order to own its other copper projects?

I hear what you are saying about management. However, Ernesto owns 55% of the company. At 10 cents per share, his investment is worth $20+ million. However, at $1.00 per share it is worth $200+ million - a really big incentive to increase shareholder value!!

Ernesto is a billionaire. So why not make a tender offer to buy out all minority shareholders of Copper Fox and own 100% himself?