Great discussion guys, I really am having a good time with this,

My point Vette....is that I see no reason Teck will not take 75%, they're a multi-billion dollar company many times over, for them to earn back the 75% is chump change.

This is just how I see it, I wont lie and I call a spade a spade.

That being said yes we have control over the contract and decisions as operator, but if Teck acquires 75%....we've lost that. Tecks not stupid man, this contract was designed for them to get in cheap....what company would farm out working interest to another company that could leave that company potentially in control?

The Koreans, the Chinese, Freeport, BHP......if Teck buys 75% of us for the bargain basement price their getting, then yes this could pose interesting for us in the form of a bidding war.....however Teck can buy this whole deposit for probably 30% of its value.....Im certain they're going to take us out in our entirety. The competing entities will cause Teck to offer a premium, and indeed I do believe Schaft creek will sell for a HELL of a premium, but these companies have worked very hand in hand for a long time now, I bet even Ernesto knows he's going to sell it to Teck.

My point is we can go over the contract ad nauseum, the simple reality lies in the fact that Teck can earn 75% of the value of this project for a fraction of its true value. I just dont see production as a factor in my investment decision, I bought and held for a buyout, not for ownership in a producing company.

Rogue,