At a $1.03 net approx. (after Credits) to produce 1 lb Copper....who can afford Not to buy us if $2 price vald ?

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Because of the CAPEX.

Massive up front costs with a return several years down the road.

Teck's market cap even after their recent run up is only a bit more than $5 billion. Think about that...

Already committed to another billion to Fort Hills. Spend another 3 or 4 billion developing SC right now?

They simply cant start another huge project when they are just squeaking by with met coal and copper prices so low. IF profits were good they would be more aggressive IMHO.

Spending several billion for a return starting 5 years from now is no small undertaking when you are struggling to maintain profitability.

If distressed miners are being forced to sell off mines to stay afloat, these opportunities make better short term sense as they would likely be bought for much less than what they could be built for - not to mention the ability to be ramped up as prices climb.

Teck has stated this is their strategy as well. Repeatedly.