Last week I had some conversation with the office about the timelines.
With regard to the SC PEA they said they are having the pre and post tax calculations compiled and they are getting close to the end of the proces.
with regard to VD they said there is a lot of investigation underway with engineering/permitting costing being calculated which will drive the alternative decisions regarding the next step CUU will take.
I asked if there's a change they will be the producer of VD, but they emphasized that they are not a producer and VD would be a very large project. The best solution is to monetize the asset but the board and management want always want to get the best value for it..,which will be determined based on how much money would have to be invested to move it forward to the next stage.. and would they get a leveraged return from that investment.
If they decide to further optimize VD and MM they don't have enough money in cash, so, imho, I think a sale of SC on the short term might be expected A part of the earnings will be used for the optimization of VD and MM. But a sale of VD on the short term is still a possibility. Jmho. Cheers foxxie