"Teck and the JV will be able to sell any portion of Schaft Creek to someone else well before the final EA is granted because knowledgeable industry players know this."

Foxy, although I agree with your statement re: the unfolding of the EA process, I wouldn't want to discount the possibility of things going off the rails for some reason or another. The Morrison Mine project comes to mind quickly.

I don't believe we have environmental issues that can't be mitigated in a favourable way. However, there is a good reason for potential investors to wait until the environmental hurdle has been jumped. That final stamp of approval will de-risk this project enormously; until then, nobody can say with any certainty that it's a slam dunk for approval.

In my mind, Teck submitting an EA this year is one of the most important milestones that I'll be watching for. Once granted, I believe we will be past the single greatest restraint on our share price.