Some details of the contents of a MYAB permit from an earlier press release:

The application for a Multi-Year Area Based Permit ("MYAB") is planned to replace the expired permit which is related to exploration. The main activities covered pursuant to a MYAB permit include approval for up to 50 diamond drill holes, 5 kms of new drill road and 20 kms of line cutting; none of which are planned at this stage.

It's a pre-approval, in case Teck decides they will do something on the property.

A pit shell was used to constrain the 2011 AMEC RE and the 2012 FS. It provides an estimate of how much resource can be extracted economically. It was not used for the 2012 Tetra Tech RE and no explanation was provided. Only a percentage of the resource identified in an RE makes it into a pit shell where it can be booked as reserves in a FS. Usually this occurs because some of the resource is too deep to be mined with an open pit or it occurs in an area with too much overburden. I see this delay for the RE as an indication that Teck is not ready to reveal their plans for SC yet and CUU has no say in the matter. That's what happens when you place you principle asset entirely in the hands of someone elses business plan. Both Elmer and EE should have known better, in my opinion. The 3Q and MD&A are now on SEDAR.