Copper Fox stopped reporting proven and probable reserves between Q1 and Q2 of 2019. No explanation, press release or writedown occurred even though that should have been considered a material event. Elmer considers PEA level to be advanced stage, which covers SC and Van Dyke. The FS is largely irrelevant now as we wait for the new PEA economics, which will reset the value of SC to CopperFox and the share price. Teck has indicated earlier this year that the prefeasibility stage is next up for SC and they should be confirming it during their investor day on September 21.