If I were EE, I would ask for something north of $4 for me to walk away. If Teck refuses, then their alternative is either to back in or walk away. I think at this point they would be crazy to walk so if they want part of SC then they will have to back in. Taking 75% imho would be too risky for them so the alternative would be the 40% option. If they take the 40% option then we are worth at minimum $3/sh. Teck then has to spend $255M on SC. How much value can a $100m, $200m drill program unlock?

What if they find the root zone with 3% Cu grades and 5g/ton Gold? What if the root zone stretches over 1km and contains 300M tons of these rich grades? Our shares could be worth north of $7 - $10/sh and I kid you not!! So imho, and if I were Teck, I would swallow my pride pony up ( with a partner perhaps ) and TAKE US OUT NOW. The value of SC is worth at least 2.2B ( $5.05/sh ) as it is, so they ARE STILL getting a bargain at $4+ per share now.