I was recently trying to wrap my mind around how big 171 million tons is and how dramatically it could affect valuation if it was converted?

Being a railroader, something that could give me some reference of size would be how many trains would it take to move that amount of tonnage. Would you believe it would take 12,000 mile long trains? Or 12,000 miles of train cars just for the waste? That is a LOT of waste rock!

Then consider we don't just have to move it - it has to be drilled, blasted, loaded, trucked, dumped and piled...

The economic impact of processing that "waste" at a profit vs. straight loss is staggering to me. What would our copper/lb cost be with that cost turned into revenue? I'm not qualified to even guess, but it must be very significant - changing it to a no-brainer?

I do think it was a huge oversight to let the waste go unproven for the BFS. Someone should have seen it wasn't going to be enough and poked some more holes in there instead of exploring outside the actual BFS area. There must be some kind of standard formula for drilling density requirements?

If it was proven up we could have had a highly profitable BFS without an asterix for work left undone.

I really hope the waste gets proven up by Teck this year during their optimizations to unlock our fair value. I fear Teck knows whats there, but may think its in their best interest to leave it inferred (unless they are looking for another major to partner with them).