Here's what should happen:

I'm of the opinion that Teck can't walk (just because of the deal they're getting) AND Teck's very very last option is to take 75%, spend money and hope they earn their interest back, leaving CUU free to sell 25% to another major including (financing, expenditures, control. clause, land, road permits, etc)

So...Teck will try an offer. The 1st one should be early (1st 30 days), if refused by Ernesto, they'll try again, second month, etc.

But when the 120th day comes along, with no agreement, they'll be forced to act.

Then others will know what they can bid for. Then we have a bidding war on our hands and that is when $7 is possible.

Since Teck is aware of this....their 1st offer should be fair and reasonable. But if CUU wants a bidding war..all they have to do is keep saying no thank you.....