He is stating that it is bankable.

"in accordance with the Teck Option Agreement and in Company's expected quantum;"

Quantum IMHO refers to the overall scope of the option agreement and a BPFS that has resulted in meeting the very minimalist objective that would be reasonably obtained in an Profit generating operable mine at Shaft Creek.

Although CUU is not commenting Tck has accepted the study they are stating they believe there is no other outcome based in part on industry standards and peer reviews.