The elephant in the room.....the 2023 program at Schaft Creek!

This data is days away based on recent disclosures. This will help us determine a more accurate buyout timeline.

A) Teck announces a PFS has commenced (SC is now a pfs-staged asset within the industry), and they intend to drill 15,000-30,000 metres in 2023 to upgrade resources for the pfs.....Elmer & EE 100% staying for it unless Teck wants us out and not be part of the next advancement wave and they offer between (IE- $800-1.2 billion deal). No offer, they would stay for that kind of drilling program.

B) Status quo work. Small program (2-5 million budget for SC), no pfs announcement, news about geotechnical program to further add resource certainty and plug few more holes for pit constraint studies. This isn't likely to keep us around for the entire year cycle.
This means Elmer likely wants meta report (4-6 months), use new higher metal prices, and other data from the enhancements (construction timeline if available?) to revise pea NPV and send over rofo. This would give us a late-mid to end of 2023 buyout window.

If option A, likely a mid-year 2024 exit with no Teck interest/offer.