Fording coal cost Teck almost 10B US dollars to acquire. This deal put them heavily in debt and leveraged their borrowing capacity to the max so any severe downturn in the market could easily put them in jeapordy as it did in 08. Teck is in a totally different position today than it was back then. With a balance sheet of approx. 4B in cash and almost no debt plus a partner with deep pockets I doubt acquiring CUU would put them in a similar position. Besides that I don't think Teck will spend more than 3B to acquire CUU. So you are comparing apples to oranges. Different situations. Teck's strategy has always been to plan for 10 -20 years down the road.