At first sight, more delays seems to be our worst enemy right now if you look at the burn rate and potential dillution. However, if the big picture turns around and junior explorer begins to fly at normal height, like it should happen in a cyclic stock market, then Teck might want to try to catch us while we're beaten. Lets say the picture changes and two years from now junior conditions are back to'' normal '' and our stock is trading at 70 cents or more... In that sense delaying might not be the best option for Teck... unless you believe the conditions will stay poor for another 3 years, then facing more dillution we would likely accept a lot less ... but I cannot believe this will happen.