I still think we will never see Feasibility (because of the transfer of the Indirect interest)

And if i'm right, well CUU is gone in July or sooner (of course considering the timelines are respected this time)

But if I'm wrong and the Feasibility is released, the voting shares are transfered and Teck uses the full 120 days....CUU is still gone before Christmas.

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Don't get me wrong, even if I think Teck will act before feasibility, I do prefer it's release.

I love the thought of CUU owning 80% of the the voting shares and Xstrata the other 10%.

If Feasibility is released we would have a much greater chance of a bidding war as others digest the info while Teck waits (120).

Even if Teck made an offer AFTER the Feasibility is released and before the back indecision, at that point we still have 80% of the voting shares and we don't have to accept Tecks offer and we could transfer that CONTROL to the highest bidder.

And the best scenario is Teck actually backs in 75%, then we have control until Teck earns in, we have Teck financing 100%, we have Teck pumping 300 million (4x expenditures) into the deposit making our 25% even more valuable.

A great situation to be in, one I'm sure Mitsubishi, Freeport, Xstrata, Antofagasta, and any other major would love to have......

SO IF YOU ARE TECK:

You make the smart decision and offer CUU a fair deal before Feasibility is released and while you still have control (the Indirect interest...) and no obligations.

Then you do what you want with it and sell it in blocks if you have to while still keeping your claws on the voting shares....