This could take 2 or 3 years. In the meantime this is dead money. I just don't see anything happening soon.
I don't agree. Again, majors need to secure deposits, for all the reaons the new BHP ceo talked about recently : Supply, safe jurisdiction, adverse social impacts, politics, environment, nationalization, invest for the very long term in same area.
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/575984-what-the-new-bhp-ceo-thinks/messages/1807632#message
Mitsubishi bought 18% of Quellaveco. Quellaveco is in Peru and has no Feasibility.
I'm in the camp that thinks majors will want to secure 25% of Schaft Creek. And Teck will want a partner to split the capital cost. Elmer talked about Sumitomo today. You have Mitsubihi, Glencore, BHP, etc.
Will they wait until summer 2014...or will they act after the results come out this year....
Elmer was very conservative on the webcast, it's public and surely Teck was listening.
I understand how investors need to see the light at the end of the tunnel.
Take 2 guys in a desert, both have been walking 5 days with no food. No1 can see a mountain miles away, No2 can't see the mountain just an empty desert. Who will walk the extra miles and live and who will quit and die ?
In this case the next step is Teck starts drilling, we wait for the results. Those results will change the whole story and our 25% will be just that much more attractive to another major.
I'll complie some past drilling results on the West side of the Paramount as a reminder.
Teck has enough data on the West side + the Mira, aerial and Titan to make them want to back in 75%, secure the land and go drill the East side.
