RE: Teck will NOT buy us out, we will keep the 23.This was a good, informative post.
However, I doubt though that there's any chance of the NPV tripling under the feasibility study.
We know that feasibility is based on at least a 120,000 tpd operation compared to 100,000 in the 2008 pre-feasibility.
Overall grades are likely to be comparable, but the starting pit should indicate better economics.
I see capital costs remaining stable - many other companies with prefeas studies in 2008 have had higher cap costs in their 2010 feasibilities.
So, a 30% increase in NPV is probably the upper range of possibility - based on the identical Base case pricing in the feas and pre-feas studies.