YM and JJ,

You both may have a point I hadn't considered before, that is Teck making pitches to CUU as we've trudged along. This is consistent with a theory of mine that CUU intentionally made their sandbagged 2013 BFS and the 2021 PEA intentionally conservative....why? In negotiations, doing these conservatively would set an absolute undisputable ground floor for SC's value that you could then negotiate upwards from. By that I mean adding onto this base with exploration potential, metal recoveries, strip ratio, construction timeline, FOREX, reduced CAPEX, metal prices, etc.

I may be giving the CUU board too much credit here and I'm only speculating while we wait....but I wonder if this has been a factor.

Teck has obviously slow/low played SC but they are going to have to now pay for it just based on the surging copper price alone. Elmer et al. have also stressed the value of the "ride to production" that they negotiated, which adds to the list above so this also played into their thinking of Teck having to add value thru the SCJV while they sat back.

I still think we will be hit without warning of a deal, hence my buys lately...

K

K