"The main issue I have is that it means that we looking at least another year before Teck makes any type of production decision. Meaning that, based on this news release, we are no closer to being able to cash out of SC"
Why do you think we are no closer to being cashed out?
All the bread crumbs being placed on the ground!
Today's news confirmed for the first time ever the new study will have improved metal recoveries compared to 2013 rates. This should do wonders for npv. Teck is drilling, another positive not seen for several years.
This program confirms Teck prepping this project for production! Construction timeline review? Permitting review? Think about it.
We are 3-5 weeks away from new npv for SC. This will help CUU determine the fair value price!