I believe this 2022 program fails to bring additional value-add to the shareholders of Copper Fox Metals. I said this before and I'll say it again...this is a repeat of the 2021 program............I see it as Teck wanting to re-confirm the new data coming out from the 2021 work/program/data.
2022 is all about reassurance rather additional value creation regarding:
1) Contruction timeline reduction
2) New Meta study numbers
3) Improved operating costs /strip ratio
This joint venture wasted time in 2020! A wash year with no work program. Nothing was done. Rather a year of back and forth with Teck on signatures for the infamous 2019 Teck report which we know nothing of and it's contents. Then the sudden "copper fox decision" to complete a new pea study after this 2019 report...later called the "internal Teck study".
Some other signs that a conclusion is near...
1) CUU management seems very confident and don't seem to stress about timing, markets, future.
2) CUU ego and sassy behaviour towards their own shareholders....like a I don't care attitude because my days are numbered.
3) Elmer confidence in public Q&As and public presentation interviews (keeps pushing the Teck ROFO).
4) The big Mark Brown hire (M&A specialist) that seems too quiet on the CUU front and lack of promotion.
5) The office's public statement for a marketing push/campaign. Confirmed by BigBuck and others.
6) I feel we are catering to Teck...speculation- maybe Teck said.........give us a few more quarters as we are having big revenue hits, and we want to sell a few assets before the big Canada asset call (Galore & SC). Don has been promoting Galore huge time! See his BMO investor presentation....bragging about galore (5-7 billion development vs SC at around 2-2.5 billion). So if Galore becomes a mine soon....SC 100% is a mine too.
7) Newmont very excited about Galore...Teck wanting to announce a Q1 deal (still nothing! Q1 ends in 2 weeks. A delay from Q4....Don stating in November they were in the final stages of a deal....yet still nothing 5 months later? Is Sc involved? Bundle deal coming? Still very possible!
