We have been around this question dozens of times

The price will not be predicated on the market valuations

That works when the bulk of the shares are in the hands of enough folks willing to take a market premium to make a trading profit

It is a price that may or not have any relatiponship whatsoever to the actual resources of the target company

Enough "traders" satisfied with a few nickels over what thet paid and boom, next dirt scratch du jour

The share ownership structure of CUU will not permit a market premium game

In order to accomplish the takeover, Teck must satisfy Ernesto, the insiders and the group of longs, who own about 70% of the shares, and have been following all of the company developments and are well aware of what is represented by this resource

They will not accept a fraction of the worth of this thing in order to trade elsewhere

The market valuation will be a non-factor in the actual negotiations because it doesn't begin represent the worth of the assets when any realistic economic standard is applied