Teck don`t want to pay full value for SC, they want to show how good a deal they can get for their shareholders.

ES knows the benefit in securing a long-term relationship with Teck, he is a proven copper sniffer and can turn a mountain of nothing into gold :)

EE and all the CUU team want to see a good IRR for all their hard work and investment, so they show two pairs to Teck - SC and perhaps also Discovery

Teck show three of a kind - think they`ve got CUU and low-ball the bid

CUU raises the ask and holds out for the river - drill and prove some more

Teck can either call or fold - BFS ready to drop if they call CUU

CUU can raise - EE is the chip piggy bank - more drilling

Next card game all the big boys are invited to play :)

Think I`ll keep my stake pot where it`s sitting and wait for the next hand...it is not CUU who need to get off the pot, it is Teck.

Max