Teck is in a great spot, as the article states. There's a reason Mark Carney gave Teck (and Suncor) a public prod to spend their cash a few months back ... they have too much apparently. But I agree Teck has been wisely biding its time waiting for the right moments to invest.

There are a handful of logical choices to help provide financing for the lineup of projects they have on deck. And they will need partners - QB2, Relincho, Schaft ... that's a lot of capex and that's just on the copper side of expansion possibilities. The point is, they are in the driver's seat in terms of choosing good projects to invest in, and they are cashed up.

I'm sure by now, Elmer, Cam, Mike (and lawyers) are talking with Teck. No doubt their lawyers are helping them sort out the best options here. Hector Mackay-Dunn, Q.C. has fortunately had some good experience representing numbers of companies and buyouts. The CUU buyout should be a feather in his cap, and for the other lawyers involved. A few small highlights from Hector's CV: http://www.farris.com/images/uploads/Representative_Experience_-_RHM.pdf

- Multiple financings in excess of $20M in 2011 for Copper Fox Metals Inc.

- Multiple acquisitions in 2011 for Copper Fox Metals Inc. of mineral tenures adjacent to the Schaft Creek Mineral Deposit located in NW British Columbia, one of the largest undeveloped copper porphyry polymetalic deposits in North America.

- $455 million acquisition by China Minmetals Non-Ferrous Metals Co., Ltd. and Jiangxi Copper Company Ltd. of Northern Peru Copper Corp. (January 2008);

- US $915 million acquisition of Aspreva Pharmaceuticals Corporation, by Galenica Group under which Galenica, through a wholly-owned Canadian subsidiary, will acquire all of Aspreva’s outstanding shares for cash (January 2008);