Here's what happened with the 2018 program:
November 08 2018 - desktop studies with multiple scenarios expected to be completed by end January 2019
February 08 2019 - 2019 SC program is to finish 2018 desktop and then 2019 in-depth conceptual study
March 14 2019 - PP (aka dilution)
April 17 2019 - the 2018 program was completed with"positive preliminary results" and the "conceptual in-depth study" commences. They should have received the economics on the different sizing scenarios and have some idea about any improvements since the 2012 FS
Now the 2019 work program:
October 31 2019 - The 2019 study is expected by the end of November
January 28 2020 - The 2019 study final report is still not completed
February 13 2020 - more dilution, no word on the 2019 study
The 2019 program results should remove the last remaining barrier to selling SC. They have a development scenario supported, to some degree at least, by Teck and revised economics which should be better the the 2012 FS. We need an announcement from CUU that the asset disposition process is being initiated.