Also...even based on FS, the $3.5 billion bill comes in separate payments. $50 million @ 0% completion, $100 million at 20% complettion, $600 million at 60% completion etc... (I giving you numbers as an example. We have a time span of 5 years to construct.

=================

All good arguments Calvin, I was suggesting CAPEX is the stumbling block - not stating facts.

A lot of past posts have had wondered why Teck wouldn't go right now because our cost/lb is so much lower than the other projects - I am suggesting CAPEX and payback timing is the other side of the coin on that.

3.5 billion over 5 years before mining can commence (and revenue starts coming in) is the issue I think that is weighing this project down considering Teck's current financial situation. If coal or other commodities were at very profitable prices - I think a bold, long term move would be very likely. After the mine is built it will be a huge long term revenue stream for many decades - maybe a century before the whole district is played out.

That said, there is nothing stopping them from getting SC on the go right after optimizations are completed. The options you outlined are valid IMHO. It would be a smart move I think.

They certainly can swing it if they want to - I'm not discounting that scenario.

I just think the odds are that they will go for a distressed producing mine in the near term (if they can find one). They seem to be playing it conservative to me, but that could be a ruse?

I would be thrilled to see SC get a production decision. It is a large and very valuable asset.