We can run numbers all night and compare valuations but the whole point in me posting that tonight was the timing.

I read the OK board and NONE of the posters (experts, longs, bashers, speculators) expected an offer tonight. It was and is impossible to guess. Even the volume was flat.

What they expected is the PEA to be released some time in Jan-Feb followed by a potential offer.

Now their offer sets a base price and is good until Feb. Enough time for the PEA to be released and attract more bidders. Those that want to sell now can and those that think they'll get a better price can wait for the PEA and hold until Feb.

As for CUU, none of us will see it coming, yet we knows it's coming and have identified all the signs.

We're expecting Feasibility 1st, yet Feasibility is all about triggering the Teck back in option and I'm convinced Teck can't back in, so what's the point. Teck already has the info. They need to take us out.

Who's to say (like Orko) the offer doesn't comes 1st without Feasibility, sets a base price, then Feasibility is released.