The FP said that the fear over the new tariffs is overblown. Teck, they say, would have decreased earnings of 2.4% per share and $19 million per annum in decreased cash flow for 2015. This works out to US$83 cents a tonne, vs their overal price of US$111.

Thanks for the link. I had read 3% and saw the big drop for Teck over tha last few days. 83 cents a tonne isn't as big as I had feared. I was really suprised that only 25% of Teck's metalurgical coal goes to China. REALLY suprised...

The problem is that Teck has to look a decade or more into the future and take action now. We know they believe 2017/18 is going to be good for copper.

Yes. I agree too. Teck officially says its Relincho and QB2 though. I wish we were on any of their public roadmaps. I am not discounting that they may be keeping ius on the down low. Just concerned about that personally.

They have cash in the bank and that can work against them when you look at return on investment. If they don't put that money to use their ROI is going to suffer in the long term.

They must be concerned about their share price, but they are in the business of mining. They have to build their business not pull their heads in and do nothing.

After the Fort Hills spend (and possibly Frontier and Equinox Oil Sands Mine Projects) how much is left? If they forego QB2 and Relicho there is money left possibly for us, but the cash isn't enough to do everything. I see and understand the reasons why Schaft Creek makes sense. I also see that oil sands isn't a great investment if oil prices stay low. We don't know what Teck is thinking though, and its natural to build a case that makes this work out best for us. It is all conjecture. I do think your arguments are well supported by facts, and am not trying to say you are wrong or anything.

It just seems logical that even if they want to hold off on a production decision they should move forward with the EA, FN committment, possibly improved FS, finding a partner. They have so little money into this if they could find a paying partner the cost per pound of copper is still so low.

I am holding out for any of those from this JV meeting, and any of them would be a turning point.

I disagree about financing and consolidation because there is a substantial tax refund owing, and there is the option to spinoff and then finance.

I wish they would tell us what substantial is - we are burning through cash fast. I'm not sure, but are we not down to our last million or so and had about 7 million in July? With SP languishing and they chose not to disclose or estimate this amount - that says to me it isn't huge. I hope it is 12 million.

Respectfully, I think it will be extremely difficult to spinoff either northern or desert fox without literally giving them away.

Just my opinion. I also realize you know a lot more about this than me...