And before undercover bashers try anything here...
Listen to this and start at 3:28
http://www.youtube.com/watch?v=50r8-Rh4acU
''Trying to reduce our capital cost or keep them im the range of 2008, we think we're going to be able to do that''
* 3 year high grade starter pit = pay out the capital investment as fast as possible
* Increase daily mil capacity 120 thousand tonnes per day to 180.
* get the pay back period down as quickly as we possibly can
Shaft is cleaner, has no moly, no tunnel cost, no fish issues, no waste, no Alaskan environmentalist.
Note, Teck is still putting money into Galore..that's a good sign.
And the main point here is Teck can get 75% of this much superior project (in every sense) for 320 million (80mx4), and since 240million is Teck's, they're getting 75% for 80million.
Done deal. (they just need tp get rid of CUU: 4 year clause, financing, voting shares)