Teck should take notice that currently there is a great opportunity to start construction of the mine at Schaft Creek as oil prices have plumeted and there is a huge supply of experienced labour that has been laid off in Alberta.

The variety of experience and skills from the oil patch is immense. Teck surely would look at that as a chance to shift their focus to BC for the near term while construction costs are low. Premier Clark has issued a call for BC workers in Alberta to "come home" and work in BC.

I'm sure the mining companies and LNG developers have informed her that attracting talent from Alberta has been an expensive endeavor prior to the oil collapse. So she has gone on the air to bring them back at the perfect time.

Hopefully, Teck and Clark have their ducks in a row... because the opportune time is NOW.

The Pension funds will not fund this project without the Enviro Approvals. There is too much risk, as they are largely low-mid risk portfolio managers. At the minimum there needs to be an EA submission for funds to even consider taking a look at us. So until then, we will wait. Only a big miner will know the enviro risks well enough to take an early shot at buying us, cuz at a minimum CUU's portion is worth $1B.

Sell? All there needs to be is a clear indication that Teck will move towards a production decision in the near future.

If you look at the presentation, the Net Cash Flow is very lucrative. Even if there isn't a deal with Teck. The production decision would certainly make this much more valuable to either sell to another Miner/Big Bank/Wealth Fund/Pension Fund or hang on and let Teck build the mine as the offers keep coming in.

The presentation still has the old metal prices on which the study was based. This has been a sore point for the past 2 years Copper$3.25, Gold$1445, Silver$27.74, Moly$14.64.

But look now:

Copper at 6 month highs: $3.15

Gold is up near $1300

Silver is at $19.50

Moly is up huge, back up to $14.30. Due to the WTO ruling in favor of the U.S. regarding China's export restrictions on REE, tungsten and moly.

Now, time to "Monetize" this project.....

Another way of looking at it is if we were to keep the project and receive 27 cents per year for 15 years, or $4.10 per share in total. ($113M/413M shares = $.27) I think that is a deal I would take.

Bang On! This is why EE may decide to just ride out into production. Why not hold 25% of a producing mine? This is a great dividend option for EE, based on these numbers he would be making +$70M a year just holding his shares and entertain endless offers.

The downside of improving the economics of SC, converting the "waste" rock, and increasing the size of the mine is that it makes the project even more expensive to purchase. In a climate where many companies are cutting spending this would make it less plausible for a buyout to occur in the near term.

However, if Teck advances the project and the EA submitted. Prospekt's note about keeping the project going forward becomes a greater possibility.

Here are some details of Red Chris connecting to the line. Imperial Metals could pay up to $80M for constructing the connection line to their mine. Plus a "special tariff" will be required by BC Hydro. So all eyes on Hydro this year.

B.C. finalized the terms -- see the terms here -- of the Iskut extension in late March: the owners of the Red Chris mine, Vancouver-based Imperial Metals, will build the Iskut extension itself and sell the completed line back to BC Hydro. The terms call for Imperial to pay any costs over $52 million, which means the miners should pay at least $80 million to get grid power for their mine. (Imperial Metals Exploration Manager Steve Robertson confirmed that Imperial will be on the hook for any cost overruns.)

Whether Imperial Metals will be able to raise the estimated $500 million needed to build Red Chris -- in a jittery global economic climate where long-term debt financing has all but dried up -- remains to be seen. Robertson says the company is confident it can complete its financing by June of this year.

http://thetyee.ca/News/2013/04/29/Northwest-Transmission-Line/

ISKUT Extension Document:

http://www.thetyee.ca/Documents/2013/04/28/TransmissionAgreement.pdf