Finally, the Teck board sees through this poser. The Board uninamously approves the appointment of real 'mining finance' and 'mining operations' heavy-weights to its leadership. These guys are true copper-mining veterans, with no doubt much more objective views.
This is glorious news for us.
QB2 has been a constant cost-overrun nightmare from the start, now with projected capex at US $6,750,000,000, and still rising. And... its in Chile!
Schaft Creek has a just-as-promising LOM potential imo, and more importantly it already has way more profitable and way more predictable economics! SC Capex projection is now US $2,600,000,000... and dropping. Less than a third of the cost of QB. Schaft Creek is environmentally benign and in a community-friendly and politically-safe mining jurisdiction, Canada !
Sanctioning Schaft Creek will be a no-brainer for these no-nonsense industry veterans.
JMHO