I showed this AM how shorting the TPD and reducing mine life for quicker payout meant nothing and gave us less value.

I think we all came to the conclusion that it was all a waste of time talking about it because Teck will want to get a much larger TDP when they submit to B.C.

SO therfore the NR is meanless or for what ever reason it was released was misleading becasue we all believe Teck will file for a much larger mine plan.

Why would not Elmer except a large payout?

Why would Elmer want to examine the price and how they got to it?

Elmer knows what we are worth....so anything more than that I would dare think he would or should I say Ernesto would except it, just speculation on my part.

I really got lost in what you're trying to say dogger.

Teck/CUU (JV) is looking into a smaller mine so they can get a payback sooner that would end up increases the value of the entire project. JV is looking into the INITIAL 12 years mine life to see how the economics would improve even further. What they will file with the government will be a larger scale mine so that in the future, they could upgrade the mine when they want to without going through the government.