Oh man.....my digging gets me into trouble sometimes! In 2014/2015, I discovered Don's (Teck ceo) and Dale (copper SVP) work email and sent them some messages about SC, etc......their then public figure guy Greg Waller responded-

Don Lindsay has asked me to respond to your questions. 

1)     In relation to physical bullion, Is Copper Teck's preferred investment within the Commodity space?

The advantage of a diversified business model is that we can look at a broader set of investment opportunities, and allocate capital to those with the best returns.  Accordingly, investments in copper have to be considered against all other possibilities, including met coal, zinc, oil sands, and potentially in mineral commodities we are not currently involved in.  We do like the market fundamentals in copper though.  Over the next 10 to 15 years, we think the challenge for the industry to meet the global growth in demand will be great, leading to a tight supply situation and relatively strong prices.  Capital constraints have to be considered though in allocating capital to potential opportunities.  

2)     In regards to Teck's Copper projects, what is your overall opinion of QB2 project?

QB2 is a world-class resource due to its exceptionally long life and low cost position.  We have a 40 year mine plan in the feasibility study, having used only 44% of the resource, which suggests there is a high likelihood of a much longer life, or an expansion opportunity at some point.  This optionality we believe is very valuable.  The other key advantage of QB is that we have been mining the supergene resource for ~20 years, and have effectively pre-stripped the bulk of the hypogene resource.  The result is that the mine will have a very low mine-life strip ratio, which results in the resource likely to be in the low half of the cost curve.  

3)     What is your overall opinion regarding the Schaft Creek project in B.C?

SC is a very promising resource but is not as far advanced as QB2 is at this point.

4)     Do you view the Schaft Creek project as a strategic asset in Canada?

Any copper resources, or mineral resource for that matter, will be a strategic resource for Canada as the development of increasingly remote and lower grade resources in the world are required. 

5) With physical bullion prices near all time lows, do you believe in the future the value of these metals will appreciate as the supply and demand fundamentals impact this movement?

The commodity market will always be cyclical, and the specifics of each commodity supply/demand balance need to be looked, but in general, yes.  The big issues that are driving costs higher, including declining grades, more remote locations, and higher real labour costs are pushing costs higher, and higher prices will be required to sustain increasing global production demand.

Now that you have covered the bases with Dale and Don, hopefully you have got the message that I am the point of contact for investors.

Regards

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I would like to reinforce that after your numerous emails to others in the organization, that I have tried to make it very clear to you that I am the point of contact for investor enquiries at Teck.   

Your last communication with me on this subject indicated “I will now stay in communication with you for any future questions I have regarding Teck's projects.”

I have made it very clear to you our disclosure policies and obligations, and you cannot circumvent this in an attempt to discover material disclosure.

From here forward, your communications to anyone in Teck will be forwarded to me for response.

Regards

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 Before I go into your specific questions, I should go over our policy on disclosure regarding our exploration activity with junior partners. 

We do a lot of our exploration work with juniors, as well as running exploration programs on our own properties. Individually, these projects are generally not material to Teck shareholders and their decision to invest. We take our disclosure obligations quite seriously, and will not provide specific disclosures on immaterial items. Otherwise, we would have a continuous stream of releases which would detract from the significance of when we have material disclosure to make. 

Therefore, we will rarely make specific disclosure on our own exploration projects. 

The disclosure of information on projects with juniors is quite different. This disclosure can be quite material to the junior companies, and hence we generally leave this disclosure up to them. We do review and provide input as to what is said. 

Hence, for Schaft Creek, we are quite limited in what we are prepared to say. You will have to focus on Copper Fox for this disclosure. Dale Andres is in no different position than I am as to what we are prepared to say. 

As to your questions, the drilling program did wrap up at the end of October. We will take some time to review the results and it will be shared with CF in due course. As indicated above, we see no obligation to release these results on our own. The results of this work of course will be used in helping guide our work program for 2014. 

Regarding our priorities, we have not made commitments for development on any major copper project at this point. Up until recently, QB2 had been our first priority, but the delay due to permitting issues does give us cause to re look at development priorities. We have not made any commitment as to when we will update on this issue. 

Our relationship with CF is very good, but to be clear, we are the operator of the project and the principal decision maker on how the project will progress. 

I realize this isn't as clear cut a set of answers as you were hoping for, but hopefully my introductory comments put in perspective why we have to take the position we do on responding to your questions. 

Regards

Greg Waller 
Teck Resources Limited 
604 699 4014