Not sure if anyone listened in on this, there wasnt too much said that is super related to us...mostly about coal.  However, they did mention that Highland's grades are lowering and creating higher costs to obtain copper.  MESSAGE: We need a new large scale copper project.

Also, one chap, in the last 1/4 of the Q and A, asked about Teck's debt reduction goal almost being met at this point, and wondering if there would be an increase to a dividend or if the cash would go into capital projects, mentioning QBII.  Lindsay mentioned reducing debt at opportunistic times (no definite plan), and perhaps a flexible dividend (no definite commitment to a large dividend) and was vague about captial projects other than they are still in the decision phase with QBII, and even if they go ahead with that, how it would be funded (ex partner?) is also in the decision phase.  He said that by the Q2 nvestor call a lot of these questions about where money is going and what decisions are being made on projects should be "clearer".

Possible interpretations:

So, the "vette" spin would be that this clearer idea on projects and spending will be coinciding with optimizations studies at Shaft being completed....meaning it more than likely means they will make a positive production decision on Shaft :)

The "Grizzled, doghouse-sheltered, cynical and tired CUU veteran investor" spin would be that Q2 will come and optimization studies will likely be finalized by the end of Q3, as we hear that Teck will go full steam ahead on every other Copper project in their cupboard....oh and CUU will require more funding and dilution.

So where do I fit....? ah, probably somewhere in the middle, but in there till the end.  Like I said before, I think QBII will advance, but I also think we may be rising to the surface of there attention.  Low Can$, hopefully great optimization results, in own backyard, power, port, infrastructure all doable, plus its huge, and a Multi-metal asset(especially gold)...