campbe11: "I agree with your rational on Teck buying us out completely... (IIetea)

Why would Teck paint them selves into a corner with a 4 year time restriction to build... This is key in my opinion... "

I am in the camp that someone will buy us out - most likely Teck. The 4 yr restriction to build the mine is upon the 75% earn in option declared on a BFS of NPV(8%) of $1.00 or better.

At the time of the signing, Schaft Creek was understood to be a low/mid grade deposit with potential. I don't think anyone was under the impression that a SC open pit mine in a decade or so would be less than one or two Billion. This is what I dont' understand: Why commit to a possibility of having to spend Billions to build a mine with a NPV of $1?