My personal thought is if the BFS didn't move the share price why would a NR about the Laird transfer?

It's more about the 120 days. Feasibility has always been about triggering the 120 days.

At that point you know something will happen, you know Teck must act.

And IMO Teck must make an offer fast and not get forced into electing an option.

If they elect then 9 other majors will be looking at us as a free ride. and the bidding war will start. Teck doesn't want us to sell to company X.

Does Teck want to simply inflate the value of company X's 25% ?

Does Teck want company X to tell them when and how to spend the 360 million ?

Does Teck want to finance company X for years and to production when the deposit will be worth alot more in 5-10 years ?

What does Company X have to lose if he tries to impose the 4 year clause ? He has nothing to lose. If he wins, then Teck would lose 75%.

Using this logic, Teck must buy us, keep control, no financing, no 400% expenditures. Leaving Teck the option to sell the 25%.