It occurs to me that the BFS represents a hightly structured economic study of a single ore body contained within what we now refer to as the Schaft Creek district
It was selected for the study based on what was known at the time and was analyzed within a set of tight economic parameters, contractually specified by the property owner as an inducement to get Salazar to undertake the project
That exercise is what has now been completed, nothing more
We now know that there are additional ore bodies in the district that may provide better economics, faster paybacks, better ore grades
There is nothing that says the operators, the JV partners in this case, would or should restrict themselves to developing Schaft Creek first
Obviously, especially with Elmer running the contemplated JV initially, I think we might expect to see an exercise wherin some of the other prospective zones are probed to find the best spot to start mining on the project, and it might not even be the parcel that produced this BFS
It would certainly be short sighted for anyone to sell now based on a restrictive exercise on an inferior portion of the overall project