Regardless if they take Teck over or not, Im sure this a property Xtrata-Glencore would love to have.

Come to think of it....I cant think of a single major producer that probably wouldnt want this property. 2017 is when the metals stockpile comes to a head and we should be producing in 2016-2017. Billions of tonnes of ore ready to go feed an increasing global consumption at higher commodity prices.

What would be interesting is to see where the agreement between Teck and CUU would end up in the event of a takeover and Teck ceasing to exist. Would the deal be passed on to Xstrata Glencore, or would it be nullified?

Would we have 100% of this property?

I personally feel Teck will move quicker than any pending takeover of Teck would affect this deal but it is an interesting point of conjecture, and buyouts can happen fast. Then again, BFS may be held up yet again, I know everyone keeps saying Q1, but then again its was last summer, last December etc. etc. The BFS will be ready when its ready, im sure the insiders arent going to rush it and lose potential value on their shareholders accounts, they own far too much. Its in everybodys best interests to wait for it to be done right. One omission of a material fact could have VERY serious consequences.

That being said, if Xstrata-Glencore was looking to acquire it might be beneficial for the BFS to be pushed back in the event that the contract would not live through the takeover.

I dont personally know that that will change the destiny of Teck or CUU much, but it does raise my eyebrow a little.

Rogue,