RE: RE: RE: Fewer Pounds?
"They only need a richer grade Resource to plug into the Feasibility....and the Feasibility triggers Teck."
I thought the 2007 Prefeasability Study showed that the project was 'economic'. Is Vette stating here that there is a real NEED to conclude that there is higher (richer) grade in order to actually make the new BFS 'bankable' or 'economical' ? ... or that we just all hope that the grades found are higher so that we can garner a higher buyout price from TECK (or some other suitor if or as appropriate)? I also read into the commentary that indeed we would be seeing greater pounds as a result of the new drilling results. I thought that's what was meant when we were discussing whether or not the new results would show that we might be 2x, 4x, or even 6x bigger. 1-10% ??? Hmmm. Well, at the NTL has been approved.