I don't know what is going on behind the scenes, but I am all but certain that this delay has absolutely nothing to do with not having the BFS completed and reviewed. The "economics" that hasn't been finalized is simply plugging in various numbers and choosing which interest rate(s), assumed metal prices, and production scenario(s) they are going to show. Of course they could spend the next several months playing around with this.

As careful as Elmer is, lack of completed work is not holding things up. Obviously, this independent review group may be the result of Teck or Teck's partner's conditions. We just don't know.

However, if I had any more dry powder, I would certainly have bought today. One thing that does not seem to be happening, is that Teck has given a "lowball" offer, nor have they shown disinterest. If either of those had happened, the news would have discussed a frantic new drilling program for the rest of the Fall and would have either included a release of the BFS or an early date when it will be released. It would have also included much more detail and analysis of the Mira report. Clearly, Elmer is trying to please someone other than retail and smaller institutional investors.

Even though this wait is just as frustrating to me as anyone else, I just try to keep in mind that this is a very big deal and very big deals can take more time than any of us would like.