Imho, I think spinoff will be done later this year. I believe (hope) Teck will have completed the work they need on SC to make the decision to move forward with this project.

I expected the spinoff later this year as well. I didn't think it had anything to do with Teck making their decision, at least not anymore. I just assumed they wouldn't go for more funding until they had completed the spinoff and the share consolidation.

Clearly Elmer is already working through Desert Fox and has parked SC for now until all these studies come through, or the EA is submitted or something to improve the perceived value so they can find a buyer. I still believe Teck will end up buying us out of our contract and then find their own partners. They are the only ones who are going to know the true value from their own internal reports.

Elmer: The formation of Desert Fox provides maximum flexibility to Copper Fox in determining its future dealings with its 25% interest in the Schaft Creek Joint Venture, and segregating internal operating activities and costs to Desert Fox Copper. Through Desert Fox Copper, we want to take advantage of the market opportunities now available, to actively pursue investment in and acquisition of advanced polymetallic copper projects located in North America

I don't know how they would do the spinoff with the stock price sitting this low currently. It appears that the value is mostly SC in the stock price so how would a price for Desert Copper be established--just the cash on hand?

I believe this is why they are suddenly concerned with moving the stock price up when before they were not concerned about the stock price.

It's almost a catch-22 because they need the results from the drilling in AZ to move the stock price so they can spinoff, but they might not be able to pay for a substantial number of drill holes or the PEA unless they can spinoff the AZ projects and go for more funding.

I have heard that EE is still on board and willing to provide funding, so that's not the worry. I'm pragmatic in the sense that at least this past year meant all the warrants were out of the money and let drop so we managed to consolidate through attrition in that way. Logically though it makes sense to spinoff and then fund.