Assume about 220 million shares outstanding. If the world economy gets its groove back and we see $15 to $17 moly, $3.50 copper, and $1500 gold over the next decade, Thompson Creek should start having net income in the several dollar range. They could pay back all debt in 4 or 5 years. Add in another 5 years of building up a war chest of over a billion dollars with no debt and over a decade left on Mt. Milligan mine (even if they don't extend the life eventually) and it is a 3 to 4 billion dollar company.
Probably why the current management wants some fat stock options...
Higher metal pricing will certainly help, esp. moly, and pricing is always the inherent uncertainty to miners.
Getting past Milligan completion uncertainty (which is diminishing rapidly, but still exists), the new forward risk to the Company with $15-$17 moly becomes the TC mine.... and its future production.
Why would there be risk?
Under the envisioned mine plan, there are some 'obstacles' there that need to be maneuvered that don't simply involve shelling out some money to fund stripping, to put it delicately, and mgmt will need to get crackin' on them once Milligan starts to roll, esp. if moly starts to move up in price.