YM, thank you for your reporting.
I am concerned about this comment:
1) Is Teck committed to developing this project into production? (Any decision to place the project into production needs to be based on economics. The 2013 program was designed to provide additional information as to possible extensions of mineralization which may be classified as resource on independent review and additional data for pit slope stability studies, both of which would be needed to move the project toward a production decisions)
What he's saying here is that Teck will only move towards a production decision if the results of the drilling this year were good?
Did he encourage you to believe the drill results were good, or did he sound optimistic? Did he mention why they didn't start Phase 2 drilling?