Sorry but my patience has run out!
10 years of this JV...this should all be completed by now....with thier timeline given, we should actually be producing today or in construction with permits in hand. The slowest JV in the history of mining....hence our SP.
Now, let's not forget Teck was always working with copper fox prior to JV contract! Copper fox was always getting Teck advice, approval during the old studies including the BFS in 2012/13! Teck told us to not drill the "waste rock"! They botched and handicapped us many years in the making....I don't forget these things.
Elmer released an economic study that was sandbagged! Double-edged hit to our npv because of this waste rock which was actually generating revenue ore rock! We had to cost it for removal when it's really mineralized metals! Elmer has always promoted the "real options case (ROC)" within the bfs to us. After tax of 2.6 billion I believe...still higher than the new pea economics!
To date, I think they only converted a portion of the inferred resources within the pit and waste rock! Once that is actually handled, coupled with 4.50 copper, maybe looking at 3.5 billion npv aftertax?
It's a complete joke this hasn't been fully addressed with drilling.