A few people here and elsewhere asked what my new price is. Well, 25 cents. We've been waiting for results and folks are abandoning ship thinking delays = bad news. I'm not so sure about that. If it were a case of drill and dump the data we'd already have news. In this case they are doing an awefull lot with the data before deciding the next step.

I've seen a couple of other mines jump the gun and they paid for it. This is a great time to build as costs are sliding but if that gets erased by engineering difficulties... I've had the chance to see realtime data from a .4 deposit. I'm certain Teck only needs to deal with the waste and this project will become a very long term cash cow. I'm expecting the government to pony up too. They should have an interest seeing these projects come to life.

There's an arguement about the global supply and cheap chinese labour flooding BC. Some of both sides of the debate are true. But, it's not always true that when costs go down profits go up. Teck knows the real value of putting BC people to work. I'm watching a mine struggle because it doesn't pay enough. There's only so much dumbing down you can do before it bites you in the backside. Still, players in the sphere think they can Henry Ford mining until emploees ask" would you like fries with that". That would be the holy grail of industry. From what I see they have hit a brick wall. I think for the time being we have found the bottom on labour costs. No one can afford a SINOPEC like we just saw in China.

This new labour stabilization will help determine what gets built.