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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Frustration

Still no results from the SC programs that have been run, minimal trading volume (what's new), a low SP (what's new) no news from CF management. The communication silence is frustrating.
Why doesn't Teck provide the data? Do they need more time to analyze and interpret everything or do they not want to make the data known (for the time being) and frustrate the process for CF? Teck ultimately has the obligation to communicate the data, but there is no timeline limit. And without data, CF is unable to revalue the 25%SC, to issue a ROFO to Teck or enter into direct negotiations with Teck based on this data. Is this Teck's delaying strategy or is the analysis more complex than expected?

In addition, it remains frustrating that CF (with so many assets with potential, a growing demand for copper, supply issues, large copper production companies take over junior miners or potential assets) is unable to inspire the confidence of small investors and investment companies and to increase SP. The market apparently does not trust CF because they have not yet fulfilled their mission of “buy, develop, sell”. A sale of an asset will be a positive signal to the market and will set everything in motion imho.

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Jan 17, 2024 11:25AM
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