Good question. I try to be rational and logical when answering this for myself. I certainly would LIKE something to be going on....but like many of the longs here, we've thought this before and have been disappointed every time. Being a science person in my day job, I rely on data and facts and we have few here to indicate what might be going on so the rest is logic and speculation.
Great DD last week by golfyeti on EEs recent filing. While this is data, it may not mean anything. It may mean something, and my gut tells me it does. But that's just my opinion. YM nicely summed up the tea leaves which are pointing and hinting at things going on. CUU's track record of never meeting a deadline actually camoflauges what might be real things going on that result in missed deadlines, lol.
Elmer has stated the board would review things when the metalurgical results are in and what the JV plans are for 2022. As YM and MK have pointed out, the 2022 JV plan looks a lot like the recommendations from the 2021 PEA, which mean they are preparing for a PFS for Schaft. So if CUU is not going mining their exit is likely before a PFS. The time is certainly right and filling the coffers would allow for money to be quickly thrown at the other properties and get them ready for sale while things look good for copper. In fact, if a deal got done this spring (pure speculation on my part) then there would be time for all-out field campaigns on the other properties THIS YEAR. This would vault their position in the developmental pipeline forward to be sold off sooner.
The CUU FAQ being updated with a specific question about the SP I also view as an indication of something coming...after which CUU could point to and say, "Look what we said in March".
CUU doing a deal with Teck and/or a 3rd party would also finally put the company on the map for others to see their pipeline, better than any of the marketing done thus far. Some have speculated that the entire company is up for sale at the right price. I can see Teck eyeing Eaglehead personally...
My $0.02 for now, while we wait.
K
