7 years of waiting will probably move the value of Schaft Creek from 500M to 2.5-4B
No one is disputing that the project is worth more today than the sandbagged 2012 Feasibility Study, only because metal prices and FX happen to drift our way.
What is indisputable is that Teck has made no discernable efforts to optimize Schaft Creek to the benefit of the SCJV. That is operating in bad faith, case closed. Its supposed be a VENTURE!!!
Project satelite's very purpose , according to Teck Resources, is to "surface value". Have they done that? No, they haven't. 7 YEARS! So its a bold face lie! And I know why...
Where are the optmizations? Where are the RACE 21 reworkings to include the latest technology to streamline and lower costs? Where? I'll tell you where they are. They are hidden under Don's desk because his job is at risk if it were known that he opted to sanction riskier and less profitable projects ahead of SC. 7 years and not a peep from Teck...
No MoneyK, you are wrong. Calling out Teck Resources is exactly what is needed. If you can't tell YOU are being played then you haven't seen the football since the opening kick-off, to quote CanadaGrant.
JMHO