The below is my personnal summary of what I understood when calling the office.
News releases are not detailled due to IIROC regulations. They cannot simply put out some information without the appropriate documents to support it. This being said, if the 2018 study requires a 43-101 report before being released, Teck has no legal obligations to provide it and in order for Copper Fox to get one, it would take time and money. By the time they get it, the project would be so advanced that it would be kind of useless. I think they are trying to put more information out there for shareholders, but there's always a risk, in my opinion, that we will only see partial information if Teck decides it that way.
The 2018 study is near completion. As confirmed by the last NR, they did identify some scenarios reducing CAPEX & Operating cost. Currently working on the economics, which is the last portion. Hopefully it will be done before month end. I will not comment further on timelines for obvious reasons.
Other Highlights:
- another round of financing will most likely occur in 2019
- the new website is well advanced
- Mineral Mountain seems like a big discovery and is receiving some attention
My general sentiment is still good. Remaining patient for now.
MoneyK