The copy is created even if the spell that caused the ability to trigger has been countered by the time the ability resolves
A few lands in this deck round out the collection of valuable cards, starting with the legendary Gemstone Caverns
There's a good reason why this is one of the most favored Commander options from the pre-con deck, based on early reactions.
Funnily enough, I had a quick look at the Cloudpost deck that made the Top 8 of the very first Modern Pro Tour in Philadelphia back in 2011, and the deck contained four cards that are now banned Cloudpost, Eye of Ugin, Green Suns Zenith and Punishing Fire
When building your own deck, you can follow the most popular deckbuilding trends, or you can go your own way and try something thats never been done before
There are stellar commanders like D&Ds Prosper, Tome-Bound and Faldorn, Dread Wolf Herald plus plenty of payoffs in Ultimate Magic: Meteor, Delayed Blast Fireball, Quintorius Kand, Passionate Archaeologist, and Nalfeshnee