Teck Resources Ord Shs Class A T.TECK.A

RE:Oil in bear market now

[VOKBLVR]

When thinking about any natural resource project,the most time consuming item is permiting. There is no heavy lifting at this time and if and when the circumstances are favorable, a shovel ready project can proceed without delay.It appears that there is some major hurdles to overcome to obtain a permit for the Frontier project as the first nation in the project area appear to be against Frontier. Now is the time to get this problem solved. If you will recall-all of the permits are in place for QB2 but they are delaying a commitment to construction until the engineering is >80% complete and hope that they can get a partner to share the capex. Because the permitting is complete there can be a firm timeline to production and with the engineering mostly done there will not be any surprises (like happened at Galore Creek). Who knows where oil will be in ten years but all mines eat themselves up and to maintain supply there has to be something in line and shovel ready is better than trying to get permits while under the gun.