https://www.teck.com/media/2022-Annual-Report.pdf

Teck essentially delayed the pfs to 2024....but, while we got delayed again, the money spent to date (2021/2022/2023) equals the 23 million budget needed to print a pfs! So we are conducting pfs level work. It is highly unlikely Copper Fox stays for the next-level new study but hearing Teck ready to start one helps show project progression and adds value to a buyout.

Also, below you will see Teck wanting to start the permitting of galore creek! That's huge for us imo, the area will become a mining district and help pave the way for the future SC production & permitting process with galore pushing forward! As some have pointed out, galore and Schaft Creek are likely connected as the synergies should allow for joint development and mining activities.

From Teck document

"At the Galore Creek copper-gold-silver project located in Tahltan Territory within the Golden Triangle of northwest B.C., we and our partner, Newmont Corporation, are targeting completion of a prefeasibility study in the second half of 2023, after which the partners plan to submit an Initial Project Description for Galore Creek, which is the first step in re-permitting this world-class copper-gold resource. Work in 2023 will finalize the prefeasibility field, continue baseline social and environmental field programs, and initiate permitting activities"

"At Schaft Creek, located in northwest B.C., we are investing additional resources to progress environmental and social baseline field studies and focused design and engineering data collection fieldwork. This includes resource modelling, geometallurgical and geotechnical studies, mining and mineral processing studies, siting studies, and capital and operating cost estimations, in support of advancing Schaft Creek into prefeasibility studies"

Btw, New Elmer interview posted-

https://youtu.be/17d-so9LLFQ