This news release can only talk about the current pit plan and enhancement opportunities which is complicated stuff and almost impossible to explain in a news release particularly within the constraints of national instrument 51 101. Hence all we can really do is repeat in a different way what we sent out on Friday. To upgrade the inferred resource potential of Schaft Creek into measured and Indicated resources requires significant investment of time and $’s which hopefully will be spent by Teck if they opt to exercise their option.
The positives are that we have completed a 10 year journey to complete a 43 101 compliant positive feasibility study with a transportation system and power supply in place and have pulled the trigger that will cause Teck to make a decision so that this project can move forward. I would suggest that Teck along with all of their peer group have a better understanding than do we of the end value of Schaft Creek and the significance of the resource in all categories. Secondly and just as importantly we have over the past 3 years demonstrated beyond doubt that this resource is considerably larger by multiples of times total tonnage originally conceived and that the science strongly suggests the area to be a mining district.
Cheers Mike
