Yes, what happened to Elmer's promise that the primary goal this year was to complete the BFS and get it out asap so the clock can start on Teck? The goal was to at least get the clock started so they could make a decision one way or the other. Elmer even told me that he saw no benefit in delaying the BFS to incorporate the new drill holes done in 2011 as Teck was well aware of them and they had their own engineers to figure out how much material they added as well as figure out themselves how that impacts the NPV. Once the clock started the plan was to do the revised RE and then if time permited a revised and updated BFS to put the pressure on Teck.
These two reports would surely have gotten other parties interested and may even have started a bidding war. But now as it is, plans have changed all to Teck's advantage. Nobody knows what the capex will be or NPV will be until the new BFS is released sometime in the summer. That is if Teck doesn't get its way and buys us out before then. Nobody will know how much this was worth except Teck if the BFS doesn't get released. We may not know even know if we get a fair deal if things play out this way. What a great deal for Teck this delay has turned out to be. Teck is leading us by the nose and I think we should get someone with enough balls to stand up to them and play by the rules. We did more than our fair share of work to live up to our end. It's time for Teck to step up or step off our necks.