Re: Where are they????????
posted on
Jul 22, 2017 11:50PM
Last month Elmer said "The remodeling work at Schaft Creek is continuing to determine if an updated resource estimation is required." When the JV was signed we placed ourselves entirely dependent on Teck's business plan. They are also the only likely buyer unless Teck decides to divest themselves of SC. No one else would buy our portion without a firm development timeline, or they risk ending up like us. If a new RE is the decision I'll look for a time to complete. I agree they haven't met any deadlines before but no time estimate will confirm that Teck is just not that into SC. The current price suggests the market is expecting another delay.