Elmer was talking about 2013 drill program maybe even 2014 drill program, so does that put us to fall 2014 to even find out if we will be a mine?.
Logically speaking we knew that already because the environmental approvals would not be in until sometime in 2014. I doubt they are going to make a production decision without them.
It was a bit scattered. Elmer tried to make it sound like we could expect an offer at any time, but this was after he had explained that the economics weren't good enough to make an offer to Teck. Elmer didn't leave us with much of an expectation of anything happening in the short-term and that was most unfortunate.
I doubt that Teck would announce a production decision and then make us a buyout offer. It makes more sense that Teck will do the drilling this year and then we will see if it is a game-changer in the sense that it improves the economics sufficiently. Will this years drilling allow some of the waste to be included? Will it change the pit plan and drive us further east? Will the economy improve, the US dollar go up or China start buying again? Unfortunately we're left with this kind of vague speculation.
