RE:Today’s CloseHard to know if this is the bottom. They still have drill results from last year, I am not sure why it is taking so long to process last year's drill results. Surely those results might inform plans for subsequent drilling.
This year another round of cores. They have or can get money to drll those. In this financial situation (high interest, tight credit markets, extreme low share price) there is zero chance they could develop this further beyond exploratory drilling. I guess the real questions are at what point is the district promising enough for Teck to buy them out. And at what price. Probably depends on several factors beyong exploration results, including global economic and political situation, demand for copper and urgency for NA sourcing for stable supply chains, and of course price of copper and projected price of copper going forward.