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Gold/Mining/Energy : Copper Fox

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To: Zep70 who wrote (8856)12/23/2014 5:58:33 PM
From: explorationguy2 Recommendations

Recommended By
CanadaGrant
minder

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I'm waiting to read the proposed JV work plan for 2015 and any information in regards to the EA, updating the FS and drilling programs for next year. It will be a judgement call based on what we're told. I'd prefer a clear statement on whether or not Teck intends to develop SC but doubt it will be obvious. The minimum spend requirement is $ 500k annually which Teck can do easily with in-house staff carrying out mapping and number crunching. If no significant work is announced by mid next year then the cash situation becomes more acute. I still prefer a buyout based on a share swap with Teck regardless of the value and then take my chances with Teck. At least then we would be in a position to wait out the next commodities cycle and get paid dividends.
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