I don't believe that we have done enough with the feasibility to automatically have Teck declare this is a bankable feasibility and have the clock started. The Agreement clearly states it needed to be positive at both the 8% and 12% NPV and it wasn't.
Prospekt, who in the mining world uses 12% NPV today? If Teck chooses to use this argument to disqualify the FS then I think they are on tenuous legal ground here. They collaborated with us on the feasibility, gave their blessing on having Merit ( a highly respected Engineering Co. ) review it and also making public the FS. Their actions have been consistent with an attitude of agreement and acceptance all the way. If they had a problem with this they should have certainly said so earlier. I think they would be way out in left field if they rejected the BFS on these grounds.
Imo, I think these what if scenarios you guys come up with here are tentative to what if we got hit by a giant meteorite tomorrow .... not likely imho. So let`s put these imaginative conjectures where they belong .. in the realm of fiction. My 2 cents.
