Its about the highest bidder not future relationships. Its about maximizing shareholder value. Playing nice to me means we will be taken advantage of, and when you have other majors involved then the potential to get low-balled is diminished.

Of course, as a short term holder (only here for CUU1/Till SC get's sold) you want a bidding war and to get the most for the sale of SC. However, it's shortsighted for an actual business. What's "best for shareholders" is a long lasting business and creating relationships that will have future payoffs.

If BOTH parties want a long last business and business partners, then both parties compromise. That's how it works. If Teck wants a relationship with CUU/CUU2 - than they won't lowball. In fact, they can start off with a lowball offer, but that doesn't mean we have to accept it. If they don't want to give a fair offer after a lowball one, then they don't want a future partner for exploring other lands in BC - and it's at that point that we can create a bidding war (since we wouldn't be gaining from a having a good relationship).

It's shortsighted to say that you have to automatically go to a bidding war to get the best shareholder value. It's something that has to be considered, but only used if we won't be able to create a strong tie with Teck. This seems unlikely from how management has been saying they've had a good working relationship with Teck however.