Teck stated in their Q4 results:

No significant work was done in the fourth quarter at Schaft Creek. Some engineering studies will continue, but no drilling activities are planned for 2014.

It seems pretty conclusive that there will be no drilling this year.

As I've been saying, this is neither a surprise nor a disappointment to me, but I can see how others might be disappointed. However, it is what it is and we're left to struggle with understanding what is going to happen now.

I believe they do have to spend $500K, but it might be easy if they build a new camp or do further metallurgical studies, make a new mine pit plan, work on the EA and other things I can't think of right now.