Does any of these historical drill cores include the so-called waste rock that was in the sandbagged 2012 Feasibility Study?

I have been thinking about this. I'm not sure why you say the 2012 FS was 'sandbagged?'

I don't think you can make this assumption and then further assume that Teck will magically make things right when they un-sandbag the project. It is more likely that our FS was reasonably accurate.

The latest NR with updates from the optimization studies said, "The results of geotechnical, comminution and electrical optimization studies are similar to those presented in the feasibility study completed in 2012."

What that is stating is that those aspects of the FS were accurate, i.e. not sandbagged. There are some other variables to come but those are major ones. The metallurgy will be important but they were pretty good already.

I do expect Teck to have improved the project substantially through optimization but not produce miracles because the original FS was somehow deliberately made to look worse.