Underhill wrote, in part:
“… I don't believe Teck wants to go through that again, learnt their lesson with Fording.”

It’s my understanding that, while Teck was castigated, rightly, by both shareholders and analysts at the time for what was considered poor judgement in the acquisition of Fording, that deal has actually turned out quite well for Teck, albeit with the benefit of Chinese investment subsequent to the acquisition. Whatever Teck decides for Schaft Creek, I don’t think it’ll be looking over its shoulder at the Fording experience as a reason for not progressing. If anything it’ll encourage Teck to initiate steps to production at the bottom of the cycle rather than waiting for the top.