From March 3rd 2021 (21 months ago or 1 year and 9 months ago)
"Review construction timeline and offsite infrastructure costs to reduce initial capital cost and improve project valuation"
From March 10th 2022 (9 months ago)
"Review currently envisaged construction timeline and offsite infrastructure costs to reduce initial development cost, reduce the payback period and improve the overall investment case"
Why has there been zero updates or conclusions on this development? This is something that could substantially add value, yet in 21 months from first mention of this plan.....nothing to report yet? But Teck isn't slow playing us?
We are getting very close to an inflection point! Our treasury as of today must be super low...my guess under 400k! The decision to sell after the meta study (due in early Q1, 2023) or stay for yet again another SC program with Teck! The assumption currently by many, we are preparing to sell prior to a new program (Kinte and others outlined great reasons to why). The fact we kicked Erik out and added Mark Brown in could be a tell sign to our exit. Next, the drill results? Where are they? Why is it taking this long? The industry has been getting results within 3-4 weeks from the time they send in to reporting assays. Why has copper fox still not reported after shareholders have waited 2 plus months? Drilling ended in early October folks!
Eirher the blackout is on (insert Jason) and they are finally negotiating our exit price or the JV just doesn't want to release results in December due to market conditions or vacations? The delay games continue.
Considering we need money soon, and drilling seasons on 3 projects in 2023....EH/MM/SB....the warrant money won't be enough imo to conduct all these objectives! The company would need a serious cash infusion. Either spin out or buyout as a PP would not warranted at this stage in the game. Would be terrible optics as we are a diluted pig. We are capped at 550 million shares....any more adding to this would be detrimental to current investors, considering the market price and where copper fox is in development....it's not an option. This inflection point is a huge moment for us to cash in finally or further devalue shareholders. Does Teck really want us around for a large 2023 program and continue to fund us? Will they risk waiting while copper could hit $6 and risk others buying us? Hard to say, but business case and logic state they should act now. The drill assays and meta numbers are big value moments and should optimize value metrics for both companies.