Teck probably has a good idea what this rock is worth. We have done limited drilling on this but also have done alot of aerials, magnetic surveys etc to prove 1:1 correlation. Imo, this will be enough for Teck to figure out what a fair buyout value is. We will be taken out in the next few months imho. Cuu is finished with SC.
I totally agree Cbew. This thing is a done deal. CUU management has said repeatedly that they want this this completed. And Teck is currently drilling the GJ copper-gold project with NGEX to earn up to 75% of that project by spending $44M on drilling. Teck can double up the drilling at Schaft Creek & Paramount to make this project much more desireable. (The GJ project is close by.) While Teck waits for the NTL to be complete they can drill up the aerials/surveys. Badda-Bing we are sold by the end of Feb. Maybe even by Monday ;)
http://www.marketwire.com/press-release/ngex-update-on-gj-copper-gold-project-2012-exploration-program-tsx-ngq-1693790.htm