The most important thing now is to know what Teck will do, make them act 0%, 20%, 40%, 75%. That is what all the bigger players are waiting for.

BFS then RE = Teck backs in 75% (we get to know in 4 months max)

RE then BFS = Teck backs in 75% (we get to know in 12 months max)

Higher share price ASAP = less dilution

And remember that ''Back in'' does not = Buyout

If we did receive an offer, insiders have a choice to accept or to decline.

If nobody buys us out after the BFS and RE, then we will just update the BFS at that point. At least we and the world, will know what we're worth based on what Teck does.