Orcinus, it is clear. It only gets complicated when you try to read too much into the wording.
IMO Elmer is saying the benefits of delaying FS just to put in 2011 drill results is not worth it compared to just putting out the FS with up to 2010 drill results.
He adds that 2011 drill results will not be discounted just because it wasn't included in the FS.
Simply, it's feasibility study (up to 2010 results) + 2011 high grade drill results.
They did mentioned they are planning release an updated resource estimate that includes 2011 drill results.
Feasibility study is the most important right now. The sooner we start the timer on Teck, the better value for all of us. We can always continue to expand drill results as the timer is ticking.
God...thinking about the potential of CUU turns me on so much.... lol