There was a panel discussion on the next generation of BC copper mines:

http://www.platformwebcast.com/scotiabank021214/index37.html

SC has to compete with Teck's other cu projects on economics and with all of Teck's projects for capital funding. Some key points from the panel discussion with the CEO's and CFO of Thompson Creek, Taseko and Copper Mountain:

1) Labour costs have risen so much in Chile that they need a cueq of 0.7 % to be economic.

2) The mining tax situation is better here in Canada than Chile or the US

3) Mount Polley is tragic but no effects so far on mining companies subject to the root cause findings.

4) Recent First Nation land title decision created confusion in the media but clarity for mining companies. All three companies have good FN relations and average 15% FN staff on payroll

5) None of them would comment on which projects would be the next to proceed

Teck has committed funding to Fort Hills and mentions QB2 is next. However QB2 is not economic right now(low IRR and negative NPV at current FS base case). So we'll see what comes out of the optimization studies.