I was not "defending" Teck, but I always try to understand the big picture.  They were given a conservative 513M FS study, with a IRR below 15% and for which their 75% of cashflow was barely above break-even, if not negative.  That's not what I call a profitable projects.  Investing over 3B dollars is a lot of risk also and Teck has a pipeline of projects, we are not alone.

Many things have changed in our favor during the last 7 years and I believe we should become a top priority now.  Let's see what happens in the next weeks.

MoneyK