The Math on Selkirk Copper Doesn't Add Up (In a Good Way)

Published: Mon, 03/09/26

Updated: Thu, 03/12/26

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The Math on Selkirk Copper Doesn't Add Up (In a Good Way)
On Behalf of Selkirk Copper Mines Inc.

Dear Fellow Investors,

Most junior mining CEOs collect salaries while shareholders take all the risk.

Colin Joudrie put $2.3 million of his own money into Selkirk Copper Mines Inc. (TSXV:SCMI) (OTC:SKRKF).

He spent 13 years at Teck Resources as VP of Corporate and Business Development, evaluating hundreds of copper projects. When did you last see that kind of experience and alignment?

Here's why he's betting big.

In late 2025, Selkirk acquired Minto, a past-producing Yukon copper mine that operated for 16 years before the previous owner failed on execution. They extracted over 500 million pounds of copper before walking away.

But they left behind everything. A 4,100 tonne-per-day mill . Grid power. Year-round roads. Camp. Water treatment. $300+ million in infrastructure that most juniors spend a decade building.

Copper is now over $6 per pound. That's nearly 3x higher than a decade ago.

Selkirk Copper (TSXV:SCMI) (OTC:SKRKF) is targeting production in H1 2028. Not 2032. Not next cycle. Twenty-four months from now.

The acquisition price? C$16 million. That's 5 cents on the dollar.

The stock trades at roughly $113 million market cap. That's $0.12 per pound for 914 million pounds of copper.

Joudrie isn't alone. The Selkirk First Nation holds 22.3% and two board seats. The Fiore Group built this deal. In October 2025, the company closed C$40 million at $0.56 per share. Three months later, the stock trades 45% higher.

This is what conviction looks like. And windows like this don't stay open long.
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