This is going to have very little to do with a "decent payoff" and everything to do with value. I feel confident the main parties involved, (not us common shareholders) are making decisions with much further-reaching eyes than the "quick doubles" some of us are thinking about. Teck is looking out 20 years. At this point, I think we dont have enough of a picture to make a determination of whether a certain dollar offer by Teck would be an overpayment on their part. Remember Fording.
It might be more analogous to the scenario where you find out your $2 lottery ticket was the big winner of the $10,000
Would you accept my offer to buy the ticket from you for a double? Nope, not when the value is there in front of you. Value wins every time. We just need to let Elmer and Team prove the value.
Fire