Teck must be behind this delay. They know Nova Gold is selling Galore by year's end. And they want Galore sorted out before Schaft Creek comes onstream. Pushing the BFS late and asking Tetra to do more work for this project results in better numbers for their shareholders to buy us out AND becomes an easier sell for potential partners to mine the DISTRICT.
Overall this is great news for Longs. The 120 days may kick in around June/July. You have 4 months for Teck to wait on Galore and make a big move inconcert with both properties. Teck needs Schaft to make anything in Galore work out. All this means is more opportunity to buy in low and watch the metals pile up when the reRE comes in. Sure volatility could come roaring back into the markets until then. But if you dont sell, you have no worries. ;)