I wrote and asked Teck: "[Don Lindsay] has stated that he is not contemplating acquisitions in order to expand future mining. What about all those companies in which Teck has current agreements that are in the exploration stage? Does that mean Teck has decided they will not be participating in any back-in agreements for the forseeable future?"

The response: "Don wasn't referring to this sort of decision when he discussed acquisition potential. We wouldn't consider our decisions to exercise our back in rights on our exploration ventures as acquisitions."

Sometimes what they say, and what we hear are not the same.