Look at recent M&A transactions in the mining industry in the last year. They are significantly lower than the 52 week highs and even lower than the 2010/11 highs that many companies were trading at. CUU was trading in the high 2's while other mining stocks were also soaring. Teck was at 60 bucks! The climate has changed dramatically and considering "fair value" is what two knowledgable, willing parties are willing to pay/sell for something, we most likely will not receive the value that many people think we are worth. It will be up to Ernesto to determine what he is willing to accept but the risk associated with Schaft Creek still exists and that will impact the price Teck is willing to pay.