Question is who's willing (for a few of us - able) to wait a year, perhaps more while EE sits on this until a better deal is offered? Drill and then update the RE and incorporate the data in an updated FS would take forever. Unfortunately, this is one area where the present and future can imitate the past. Old dogs, new tricks? Most likely not.

We have a positive FS that might have been accepted by Teck, but I'm thinking that alot would still need to be re-worked (new recommendations, maybe the starter pit modeling would need to be re-worked, etc) and than there would be that 3rd party review process, the filling on CEDAR and for what? So that we can revisit 2011 prices 3-4 years later?

We cannot really count on the economy to see a share price appreciation in the short to medium term so we can all sell at cost and move on. And if we see a broad increase throught the venture because metal prices have spiked, well then what would have been the point holding cuu for 5 years and more (for a few of you)?

I agree with you it's very hard to argue against the scenario. This is the positives that everyone overlooks because the SP is in the gutter currently.

1. Teck has been part of the "FS" process since last year. I believe that Teck has a say in the modeling etc and they even had past Teck guys overlooking the FS.

2. FS is out. It's done. I don't think EE will go through another FS process. The ball is in Teck's court now. They have to do something.

They either negotiate for acquiring SC the asset, back in for a %, or risk losing this project completely. It's VERY hard to see Teck walking away after such a long period since the FS has came out publicly.