Having acquired 50% of Galore, the logical next step for Newmont is to acquire Copper Fox 25% interest in Schaft Creek - both projects are included in Teck's Satellite Program and are located relatively close to each other (see map in Teck June presentation).

Newmont is listed on the NYSE (symbol: NEM):

• has a market capitalization of US$19.7 Billion,
• has mining operations all over the world and is one of the world's largest gold producers;
• however, its copper mining operations are pretty small at present;
• 6 months ended June 2018 - Net Profit - US$484 million,
• Cash at June 30, 2018 - US $3.1 BILLION!!

Schaft Creek makes strategic sense for Newmont (especially with copper price forecasts based on supply shortages starting in next 3 or so years) as it would increase their currently low level of copper reserves.

Schaft Creek mine development may also be further advanced than Galore i.e. the Newmont release mentions Teck committing to a $10+ million pre-feasibilty study over next 3 to 4 years.

AND they could acquire 25% of Schaft Creek without making a big dent in their cash reserves.

Thoughts?