As we approach our next agm, assuming it's in August 2021...it marks 1 year later Elmer was asked a question on why the company is not using the ROFO clause!?!?

His response (approx)- "We are still working on the value of the project. And the question you have to ask yourself is, if you use the rofo now....how much money will you leave on the table"

These were Elmer's words!

So I assume his answer was based on the fact we were still working closely with Teck on the internal 2019 report to obtain their data and expert analysis on costing, then our board determined to do their own updated economic report using this internal Teck analysis. So Elmer's 2020 response was somewhat acceptable.

NOW- fast forward 1 year later:

1) 2019 internal Teck report is now completed 

2) Independent pea to be completed by agm

3) New value will be public and updated

This is huge....why? Elmer has NO MORE EXCUSES and needs to give us real results. How will he answer that question again (this year)?  

Essentially he will have to use this clause to show he is acting in the best interest of shareholders. No more delays.