Regarding the RE.some of you might be disappointed with the RE because it did not "meet your expected numbers" but seriously think about it for a second.
Elmer emphasized on BNN interview the Economical aspect of this project. He gave numbers such as (Daily Processing MT of-150k start up and 180k thereon after, also 800 new jobs, looking to maximize in the first 7 years)..
Now if he was working for himself he would have released the RE according to his needs and standards not Teck's...Clearly TECK who has the final say and will be running the mine wanted to know how ECONOMICALLY viable it is. Will they be able to maximize the profits in short term?
You wonder why?
BECAUSE copper's demand is soaring! while the supply is well there is a shortage as you can google it yourselves.
TECK is strictly looking to open up a mine that is economically in short term beneficial to meet the copper demand that is going to soar real soon and also find a home for the mine that is safe (canada) and environmentally safe (canada).
Care to expand if i am missing anything or writing information that contradicts your beliefs.