Bored & Curious: I looked into the Peer Review timelines of a few companies to see how long a peer review might last and how well these deadlines are usually met. NCU released the following NR Nov 29, 2011:

Definitive Feasibility Study Update

Nevada Copper is also pleased to provide an update on its Definitive Feasibility Study ("DFS") for the Pumpkin Hollow project (See September 19, 2011 News Release). The DFS is well advanced and progressing on schedule with a draft report available for internal peer review in December 2011. Publication of DFS results is scheduled for release the week of January 16, 2012.

Merit Consultants was already working with NCU closely before this process with contractor selection, capital cost est for NCU's Feasibility. So I assume they were a major part of the internal peer review. (Jay Collins, President of Merit is now a director with NCU) The 'draft' report was available in December, and they sort of met their deadline of feasibility results released the week of Jan 16th:

January 17, 2012 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announce that it will report the results of its Definitive Feasibility Study for its 100% owned Pumpkin Hollow project located in Yerington, Nevada on Monday, January 23, 2012.

So the peer review lasted approximately 4 weeks (Dec2011 - Jan16,2012). Remember that NCU's Pumpkin Hollow is an operation roughly less than half the size of CUU's SC.

Now, how can CUU constantly screw up Feasibility completion dates??? I know this is a larger scale operation, but something tells me that the Merit review must be Teck's insistance with Elmer saying Matt Bender will follow up with his own review to make sure everything is inline. Negotiations must have been ongoing, therefore if the FS is released a buyout must come concurrently or immediately prior. Otherwise, all this doesn't make sense.

Didn't they know that a peer review was needed prior to handing Teck the FS? Or was this sprung on them last minute? Hmmmm, good question to call tomorrow and ask.....

On a side note: Guyana Goldfields also had a peer review, which lasted 4 weeks (from late Jan to late Feb 2012). They met their deadline of a Feasibility NR of Feb 24th 2012, which was announced Jan 11, 2012.