Please dont' tell me about Teck's grand master plan with the 171M tonnes. If Teck wanted a dumbed-down bfs then why didn't we give them the POS from spring 2012? Same amount of waste, lower backin expenditures etc. With the 171M t as a credit vrs a dead weight, we might have made the 12% NPV test of the Agreement.
I totally agree with you Chappy. It would have been more beneficial to CUU to have given Teck results from the POS from Spring 2012. We would have shaved off one year of expenses, overheads, drilling, etc. We would have presented a much more impressive BFS without the "waste" land, but most of all, we would have been a done deal by now and moving on instead of where we are today. In addition, our sp would have been higher by about 50% compared to where we are now, we would not have been so diluted, and we wouldn't have to worry about the politics of who gets elected in Canada.
I think we shot ourselves in the foot! IMO