Quick question. If someone were to come in and take CUU out before the BFS, would the agreement with Teck be absolved or would it remain (i.e. would Teck still have the option to back in for peanuts with the new company?). I ask this as people have talked about a bidding war and I am not sure on how the process would work with all of the intricacies of the back in agreement (or as the one lady said on the webcast, "to participate").

If Teck makes an offer to buy out CUU entirely, does that dissolve the agreement and then other companies can come in and put in a bid?

If the agreement remains intact regardless, then there will be no bidding war, IMO.