I said we are in a deep bear market and we should be conserving instead of spending.

That was the main point of what I was trying to say.

We should have been conservative to ride it out easily instead of getting sidetracked on these other projects spending precious money on less than slam dunk projects.

Teck is doing just that, being conservative and cutting spending. We are going through cash faster than I am comfortable with. Your mileage may vary.

I think it will be hard for any exploration plays to raise funds till the market turns. Investors are much more cautious now. Teck at 4 year lows proves that and how deep we are in this bear market as well.