I caught up with Rick Van Nieuwenhuyse, CEO of Trilogy Metals (formerly NovaCopper) to talk about Trilogy’s Arctic and Bornite deposits located in the Ambler mining district of Alaska. Arctic is the highest grade VMS deposit in the world with a 5% CuEq grade. To put this in perspective, look at the presentation slide of deposit grades (no comparison). Trilogy’s current total resources are 222.5mt @ 2.14% CuEq containing 8 billion pounds of copper, 3 billion pounds of zinc and over 1 million ounces of gold equivalent precious metals. South32 is handing over bucket loads of cash as per the option agreement and this is being used to drill Bornite. The concentrates are high quality, the institutional shareholders (of which there are many) own over half the shares outstanding, it’s a mining friendly jurisdiction, plenty of catalysts coming up for the rest of the year and most importantly an A class team to make it all happen. As the copper price moves (and it will, soon) these are the type of assets a major will covet.