I expect it to rise as it'll remove the uncertainty around the current NPV and issues such as CAPEX. I don't expect it to rise too much however. I'd be surprised to see us move past our all time high and even iffy on moving past $2.

That said, I expect if Teck backs in we should see a rise on that. What's more likely is, if like Vette said, they just make a full offer - our shares will (obviously) rise on that news.

What's more important for the BFS than a share price surge is a timeline and the Teck clock. We'll be getting the same price based on what the project is worth. The question is, in what time frame will we get it?