What they said at the AGM is that, based upon the 2013 drill results, they would be consulting with various experts in early 2014 and reassessing the value of our 25% (as stated in numerous messages posted since the AGM)

Yes, I know, but Pikerel said that Teck gets first chance. That seems to imply they are going ahead with their plans to make an offer.

I had assumed they would look at the drill results and take into account Teck's plans for this year, and then decide whether to make an offer at this time or wait for this year's results as well. Personally, I didn't think we have enough new information from this year to incorporate the inferred or improve the recoveries, the implication being that the value had not improved enough on paper yet.