Thanks folks for the replies. I understand that most of this is speculation anyway but it is always nice to get positive input.

Well you assured, the voting shares (control) being transfered from Teck to CUU the day Teck gets the Feasibility notice is not speculation, it's a fact.

The mysterious and continuous impossible Feasibility delays are what gave it away.....

No feasibility = no 120 days = no back in

It will be a straight out buyout

The Liard interst = the indirect interest = voting power = control

1.1 (b)

Salazar may acquire the Indirect Holding by completing a Positve Bankable Feasibility study and delivering the Feasibility Notice contemplated in 5.4

3.3

Upon the date Salazar delivers the Feaisbility notice as contemplated in 1.1(b) Salazar shall have earned 100% of Teck Cominco's interest in the Indirect Holding subject to the Back-in Right described in 7 wherupon Teck Cominco shall then transfer it's interest in the Indirect Holding to Salazar

Then in Dec 12th they annouced this:

Liard Copper Mines Limited:
Teck Resources Limited invited Elmer B. Stewart to join the board of directors of Liard Copper Mines Limited ("Liard"). The annual general meeting of shareholders of Liard was held on November 30, 2011 at which time, Mr. Stewart's appointment as director was approved by the shareholders of Liard.