I agree the company simply hedged it's top-shelf paladium position tied to gas powered vehicles by a huge investment in copper which ties in with two pounds per electric vehicle. Other than natty or possibly hydrogen power where else is future vehicle travel going than electric.
The company struck on a $400M copper/gold play that has lots of upside and you can't get big lasting results without big development costs, either. After silver, copper is your next alternative for electric applications.
Yeah, one can make the point that SWC went from a pure safe NA paladium play valued higher than SA assets and lower end metals.
But 7-10 years from now this may very well provide a brighter future for the company and they dump the paladium industrial plays due to commodity price increases.