Well, not that hard really. We are one of their top projects but all companies are hording cash for a reason. Our gov'ts made all this hording possible and we'd be fools to think it was by default and no harm intended. When you play Monopoly if someone keeps giving each player a fresh pile of cash the game has no winners. Our companies recognize that. That in turn makes it really hard for us to acccept a price knowing the price could double in a week just because of hyperinflation. Companies who spend now also face this same paridox of getting caught with empty pockets yet a large physical holding that they can't develop. Equally, their profits seem to be going up while they are not paying wages to increase the growth. This fountain of eternal money is coming from borrowing. Canadians are now going into debt as fast as the country. It's pretty onbvious to the companies that soon the borrowing must stop. Only when they have crashed the economies again and see the direction things are going will they spend money on wages. This amplifies the boom bust cycle.

All countries will have to agree to a hording tax. You can't have one left out who benefits at the expense of all others. Teck may have a pretty good idea of how much copper it has to develop to fill the next 20 years of demand but they also know the perils of our financial expansion. The next 4 months should be interesting and not just for Teck and us.