Move #1 -sell SC to Teck. Not recommended with the share price at a dime and no development plan from Teck. Ernesto would be lucky to break even. This is the hole they put us in when they signed the JV.

Move#2 - desktop studies indicate good economics at a smaller project size then Teck will propose a development plan starting with a new technical report. The FS becomes invalid with the material changes in economics and project scope but the share price should move up and the option to sell at a higher price to Teck or someone else. If the results are poor then wait for move #3.

Move #3- Now that Teck has closed a deal on QB2 then we hope their focus is on Galore and get a partnership deal in place. We will benefit and can sell SC once a development plan for Galore is announced.

Just my thoughts and no idea when any of this can occur. I do know Teck is committed to the Satellite project development and it is in their best interests to close deals and announce as soon they can. I still think a combo platter of Galore and SC is good project for Teck to pursue after QB2 and Nueva Union. There's a lot of gold in them thar hills.