Finished my study of the info. Looks like there's still an issue with the silver. The resource estimate held up the FS last year and still we don't have silver. I can see Elmer going bald over this. We gave them an entire year to resolve it and we are still arguing that we can't give the + minerals away for free. There's an issue with the pit slope because we found high grade and pushed the east wall higher up the slope where there's loose rock. That's a problem I like. It sounds like that's been delt with.

We are using Tetra for the REre that comes after the FS. This is so they will have the confidence to include the silver otherwise the numbers might not be acceptable. It's amazing that we are still taking about this. So it looks like I was right about why we switched to them for the reRE. We are talking about amounts in the billion plus range.

Looking at this year's plan: We may get the FS +- a week of the target. I don't know if the reRE will be anywhere near the Q2 deadline. Even though we gave them the contract I am not confident this will settle the silver issue. They may have to state the silver for very specific areas of the resource and not include it beyond say the starter pit. I'm not happy about it but it would be acceptable because they can have decades to drill up more proof.

One good thing coming for the timing is support from the Can gov't Fed budget on the 29th. This may not show up in the headlines but is a general consideration at the department level.

We still don't have any news about CUU forming a mining team. We have a lot of the right people already but are missing about 4 key people. I will not be surprised to see them fly in under the radar in the coming months.

Another thing about the reRE. It's going to come out at the wrong time so I bet it gets delayed into Aug. Even July would be better than the intended April/May time frame. The problem is that July is Teck's eleventh hour and they would want the reRE earlier so they would have time to consider it.

My time is up for today. Maybe I'll have time tonight to complete this.

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