I am reading the same maybe it just my interpretation.

I think the catch is the "with modifications" and "considers necessary or desirable".

Would the optimizations not lead to needing approved modifications. Or are they maybe just a part of the Mine Plan and budget? My guess is the management committee in the next meeting would review the optimizations and then approve items from the list. Ex. go with bigger processing, add the waste which isn't waste, etc. etc.

If teck wants to put this puppy into production I'm sure no one is going to complain. But, there are some opennings for Teck to delay just alittle longer. I honestly think delaying alittle more would help us out too. A new FS with the optimizations could really help sell the property to someone else(even though I'm in the camp of not selling and enjoying a lifetime of dividends).

Right now, I'm guessing this meeting does come out with a buyout offer or a request to go back and modify the FS. Hopefully in the next meeting after this one they have the modified FS with the Build Plan, Budget etc, and make the decision then(Januaryish). Maybe they agree to get the road started in this meeting, which would basically be the same as a production decision in my books.

Then from there, I think we see the two independent assements done and the ROFO used.