Schaft Creek is now probably a good project mostly because the exchange rate took a dump in 2015/2016 and remained low for several years.  This is why they can use 0.77 as the long term consensus.

Obviously, the 2013 FS was very conservative and could have been improved without the current exchange rate, but it's hard to say how we would have compared with the other projects at a certain point in time.

In my opinion, waiting all these years will have benefited to our project.  Teck should include their latest and greatest technology in our revised 2019 report, with the goal to reduce capex & opex even further than what they could have done only a couple of years ago.

MoneyK