They stated this in their news release and it made me wonder what they were planning. Then when I read that others had done the same thing it kinda makes sense. If they can put together a reasonable project with a much lower capex, but a big upside then it seems more likely to be put into production sooner.
Teck likes these projects that can be paid for out of cash flow. That's their plan at Fort Hills. If they went with a smaller capex they wouldn't damage their credit rating.
- A mapping and core re-logging program (16,867 metres ('m')) was completed to gain a better understanding of the geotechnical and geometallurgical aspects, focusing on the first 10-15 years of potential mine life,