Kind of goes to show that verbal info from management needs to be taken with a grain or ten of salt...

1) Conservative Feasibility study, has to avoid push back and Teck approved, signed off and are pleased.

The company recently said we are waiting for Teck's approval of the 'bankable' nature of the FS.

4) Increase metal recoveries, a small 1% increase would make a significant difference in the NPV

Why didn't we work on this during the long 2012 delay for the BFS?

6) Mining friendly political jurisdiction, BC pro mining

It could be argued that they may be delaying to see who wins next election?

13) Looking to file on Sedar early Jan.

They waited an extra month to the last possible minute to file - I find it hard to believe they didn't know this is exactly what they were going to do when this is said.

14) IHO Teck decision will be very quick. This a strategic property for Teck and superior to Galore.

That ship has sailed... now we are hoping for Teck to even accept the FS and expecting them to drag this out to the max. Elmer's 121 day comment?

These verbal exchanges with management don't count for much as there is no record of it and they don't need to meet what they say. The content of thier official news releases is info that we can count on (at least much more so) as it is on record. It is a rarity that any of these relayed comments from phone calls with management come to fruition.