The smart way for CIC to be involved in investing in BC/Alberta (i.e. minerals and oil) is to continue to stake minority positions in many different Canadian ventures. Forget total buyouts subject to federal scrutiny but buy minority positions all over with proven companies. Maybe Teck backs in 75% and CIC takes our 25%? Yes, complete conjecture, but it could work quite well if CIC arranged mine financing too (kind of like Mitsubishi's 25% ownership of Copper Mountain and arranging much of the loan financing).
Much more could be said on this topic, but if one sniffs around a little and reads the paper, it's pretty obvious that Chinese national entities are doing due diligence all over Western Canada (and the rest of Canada) right now. Interesting the numbers of offices/financial institutions being set up by national Chinese entities or their subsidiaries in Canadian cities. Who wouldn't want to partner with such a stable and resource rich nation such as a Canada, with one of the pre-eminent financial systems in the world? Heck, we're even relatively polite.
I do think Teck would prefer to have partners involved in Schaft Creek - buying out Copper Fox and bringing the mine into production is a big risk, even for a big co. with a market cap of 18+ Billion like Teck. Buying us out for even 1.5B plus 4B capex is a heck of a lot of money/risk if global markets drop off during the first few year of mining/payback time. A rich partner who carries much of the financial load, would really make this easy. A win-win, with Teck at the helm, and a happy/patient silent partner who reaps benefits for decades.
On another note, found a way to buy some more shares yesterday. I promised myself I'd stop averaging down on one account, but then, well you know, in this deep may as well add a little more ... still a pinch nervous until the BFS drops, but can't think of anything that would go sideways at this point. Wracking my brain, but can't imagine it ... the only hold up will be Teck dragging their feet, or doing the unthinkable and not backing in. Even then, we'd get snapped up for a very big price and probably in short order.
Rambling now - time for a glass of red, counting my shares, and getting a good nights sleep.
