I agree with you almost 100%. I believe the warrants were cancelled because CF is expecting to receive the next tranche of $20 million before year end that confirms the production decision on a go forward basis and a key plank in the JV agreement between CF and Teck.

This will fund ongoing operating expenses both here and in the US. It makes sense because the optimization studies clearly indicate to me anyway that SC is going to be a mine on its own or perhaps in conjunction with Galore. They have just been figuring out how best to mine it and optimize its safety and efficiency while keeping costs low.

Therefore it might be prudent to not be short at this late stage but I am not offering investment advice. Please do your own due dilly.

now Teck, write that cheque.