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Gold/Mining/Energy : Copper Fox
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From: louel12/13/2017 4:05:39 PM
   of 10654
 
Well teck says Galore possible move to Tier 1 while supporting sale of Nova's half. Time frame 3 to 5 years. Once moved it could take another 2 to or 4 to mine building start. depending on the economy. They still have 2 years of road building to access the area with commercial vehicles.
Shaft Creek still trying to improve the economics. That could take a few years of work yet, before thinking about a tier one move.

Sale of Galore could easily take place between N/G and Trilogy. Rick Van Nieuwenhuyse stepped down as N/G CEO to form Trilogy (formerly Nova Copper) But still on the board of directors.

He has assembled a very qualified team including former Kinross CFO, Former Ivanhoe CEO,
The President & CEO of Nova Gold on the board. (Coincidence )
Plus look at the credentials of the other three. What a fantastic team. Put together these people know the Copper, Gold, Molybdenum and financial markets inside and out. Matched up with Teck on first Galore is a near no brainer.

It would open the road for the development of and other holdings in the region. Galore being in production would be a boon for the future bottom line of Shaft Creek.


I have painted a similar picture in the past as it seemed inevitable Rick Van N loves the Galore potential. Claimed was one of his greatest discoveries.

If the US tax bill passes it could hamper Canadian development as the US has also got rid of vast amounts of regulation. The redundant red tape that costs and hampers business greatly.

Trilogy has drawn back to it's uptrend line looking like a trade candidate.

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