I was reading the shareholder document that was given to the shareholders when they had to vote on the deal offered by Teck. It contained these statements that give an insight into how the negotiations were handled. There will be some version of this going on with our own project. To refresh your memories the deal they accepted was worth $82.

In making their determinations, the Trustees, the Directors and the Independent Committees considered, among other things, a fairness opinion delivered by RBC Capital Markets to the Trustees, the Directors and the Independent Committees, to the effect that, as of July 28, 2008 and based upon and subject to the analyses, assumptions, qualifications and limitations set forth in the fairness opinion, the consideration to be received under the arrangement was fair, from a financial point of view, to the holders of units (other than Teck and its affiliates). A copy of RBC Capital Markets’ fairness opinion is included as Appendix C to the management information circular accompanying this letter.
In addition to the fairness opinion delivered by RBC Capital Markets, the Trustees, the Directors and the Independent Committees considered, among other things, an independent valuation delivered by National Bank Financial Inc. to the Trustees, the Directors and the Independent Committees, to the effect that, as of July 28, 2008 and based upon and subject to the analyses, assumptions, qualifications and limitations set forth in the independent valuation, the fair market value of the units was in the range of CDN$79.00 to CDN$99.00 per unit. A copy of National Bank Financial Inc.’s independent valuation is included as Appendix D to the management information circular accompanying this letter.