If I was running Teck...or even just a Teck shareholder....it makes more sense to act fast on this rather than wait.
The enormous potential unleashed into todays news release might at first not be evident to some or even most, but I can assure you that what theyve revealed is we have a lot more tonnes than we had previously thought. These tonnes have not been included on the RE and have not been factored in to any potential buy out price.
If I was Teck I would see quite clearly that I would need to be raising more money to purchase this, which might not be as easy in this current market environment.
Personally I feel Teck might move sooner than we all expect as a cost saving measure...every tonne we prove up costs them more and while they havent been "proven" yet, theres still a whole lot of metal in there that will be proven if they wait for the BFS or RE2.
If I was a shareholder Id be screaming for them to buy now so as to add the unproven value into my share price when it is proven...with Tecks guys doing the work.
If I was management in Teck....Id be looking for a price that would make Ernesto accept the offer without waiting.
Mind you...one of the key intrinsic features of this stock is that it all hinges on Big E's thumb up...or down.
Rogue,