The optimist in me would like to believe that behind the scenes negotiations happened between Teck and CUU and an impasse was reached, as you refer to MK. The result was the 2021 drilling program so further value could be added with minimal effort. Elmer referred to this as "not leaving it on the table" at the AGM. In a rational universe, this makes sense. I can see that after all the optimizations in pit design, mine design, etc., etc. that have already been done that the planned work, which if I understand correctly, will result in changes to model input parameters (strip ratio, metallurgical recoveries) that can have a significant impact on NPV. Such changes could be made easily in spreadsheets/models which must now be in place AND agreed upon by the JV.

However....its nevertheless a tough pill to swallow based on the company's past (non)performance on meeting deadlines, etc. I'm a patient person, but this investment has tried it to its limit. This last step had better be it.

Another thing that gives me (some?) bit of optimism is how EE referred to Teck as moving "fast" and this was almost covered up by Lynn during the AGM call by quickly steering the conversation onward. If this was some kind of slip, I've been wondering what it was about. The drilling? Other negotiations with partners? Who knows? Still holding all my shares...

K