Good posts venturevestor and golfyeti. I agree with both of your thoughts.
The other thing that I'm expecting is that Teck will not build this mine alone. Yes, I expect that Copper Fox will be bought out becuase we don't help in derisking the project for Teck. So I'm expecting CUU to be bought out AND at the same time they will announce a JV wiht a "major" partner to buy in anywhere from 25% to 45% of the project. This partner will then be responsible for paying the majority of the capex costs to be involved.
In this scenario, the optimization studies are critical for Teck to be able to attract another major in a JV deal.