there has to be more going on or things won't make sense. Now almost a year ago SC started the PEA. When I asked the office why they started the PEA they said "This is still a significant milestone for us as it will set an independent valuation benchmark that the CF directors can use in making any decision regarding maximizing shareholder value with SC, and Teck cant' argue to much with this new valuation" Later on I asked them "what if Teck's not interested in our 25%?" The reaction from the office was " From my experience I don’t believe there is any reason why, given the opportunity, Teck would not want to acquire the remaining 25% in SC. Why would they want CUU out shopping the 25% out to other industry partners or metal streamers." Then, suddenly, Teck became involved in the PEA. Very strange when you want to have your own independent PEA. In a mailconversation with the office they said "Also I think that there also could be a big picture development which might also include Galore Creek, who knows. CUU does not care about production, only monetization and timing" The only reason, IMO, Teck was involved in the PEA is because there will be a third party buying our share and a share of Teck. Newmont is partnering on Galore and when the big picture is Galore and SC Newmont must be the third party. maybe Teck and CF had hoped to close the deal for the AGMs, but unfortunately they didn't succeed. Maybe I'm naive, too optimistic, but there must be more to it, right? Any thoughts about this scenario?
Ffoxxie