Agreed Abullion. I mostly agree with Webgogs that the macro situation is pointing down. The big question is what is the macro timeline like in terms of the CUU timeline?

The macro situation has been giving negative signals for a long time. CUU has been for sale a long time. CUU is getting very very close to some substantial catalysts - 5 months of black out, new RE with Silver, new Discovery zone, drills starting up, Magnetics coming in, Titan later this summer then at the end of this 2.5 month period, BFS drops. Each one can, and most will, compress and lift the CUU stakes significantly.

I think the world macro time line has 2.5 months and more in it. I don't think anyone has a do or die date on that situation (unless that is Web's June 29th date?).

On top of that, Mr Don Lindsay still is looking across the macro horizons for good projects for Teck's market in China. Maybe the QB2 expansion project gets put aside for a bit - QB2 will always be there, Schaft Creek will be somebody's property soon. For close to the same amount as QB2, TCK could partner with another one or two (e.g. xstrata plus maybe Mitsubishi ?) to earn in 75%, buyout CUU and still retain enough capital to fund its portion of the mine plus retain a war chest for whatever the future might bring.

jmho