What stood out for me at the PDAC was Mikes's confidence and ''you'll see'' attitute. You can tell he knows something and can't wait to prove the non-believers wrong.
Met Shane, great guy. Expecting EAA Q2 but telling market Q3
Elmer is just as confident as Mike
This ''quiet period'' is not helping them out during the show, so they're being careful.
Teck is interested, they would have already signaled a ''no'' by now, discussions ongoing.
IMO, many possibilities here, Teck could be lining up our buyer, or the financing or both...We know Sumitomo signaled they want to partner with Teck on a copper deposit in a safe jurisdiction...
Then you look at Teck's current copper partners in Antamina (Peru): you have Mitsubishi, BHP and Xstrata.
Mitsubishi bought 18% of Quellaveco, BHP is next door to our Van Dyke deposit in AZ (interesting that Van Dyke and Sumbrero are in 2 different holding companies), and Xstrata own almost 11% of the Liard shares...
At first Teck took all of Antamina and then sold it off in bits.
Interesting about this PP. An extra 500k is pocket change for Ernesto.
The extra 500k tells me the entire PP must be for something specific and that they under budgeted just a tad. (these days 500k doesn't get you far).
Possibilities: Lawyer fees, EA, BC Hydro, Arizona
