The recent selloff of shares was probably due to this news update coming for SC. Teck is only spending minimal amounts of money on the project. However, this could be spun two ways.....

1. Teck does not need to do much more before they proceed with a production decision as they are confident the 2014 program will give them enough info to optimize and move forward on mine development.

2. Teck is delaying the development as the general market is weak. Thus, no appetite to spend big cash on a CUU 25% buyout and +$3B to develop the mine. Teck can sit back and slowly improve the project over the next few years until they are in a good position to partner with another major on this 'greefield' project.

Outside of SC: Van Dyke looks promising, and so far has had few delays in work. Layne Christensen is contracted for drilling, a good company with lots of knowledge regarding hydro-geologic services (very valuable in AZ). Van Dyke could end up being much more valuable by the end of the year = positive.