Most of the value created at SC in the last 2-3 years is coming from the raise in LT metal prices and the exchange rate.

The other portion that is now less meaningfull, but still important, is the metallurgical work.  This will confirm recoveries and proper throughput.  When looking at the PEA, I see a lot of room for improvement in this area.

The construction timeline is also important.  Moving from 5 to 3-4 years could make a good difference.

Afterwards, Teck can spend 20M drilling SC, but I don't think it will change much to the bottom line.

Once we get the above results, I have high doubts that it will be worth waiting any further.

IMO.

MoneyK