Have a question for you Vette, If we deliver BFS, and the Laird shares are transferred, what motivation would there be for Teck to not take the full 120 days, we have to continue as "business as usual". That would mean we have to come up with 2013 drill plan.
I can answer that question. Would Teck want to leave this decision until the last minute? What if their offer is rejected? Remember for any offer to be officially approved there has to be enough time for ALL shareholders to vote on it. This will take at least 30 - 45 days once the offer is made ( true it will all boil down to one vote - EEs but management has said it will follow SEC regulations by getting everyone's vote. This also allows time for other competing offers if there are any. ) That's why, imho, Teck must act fairly soon once the BFS clock starts. Its most likely they will act withing 30-45 days if they are planning for a buyout as opposed to a back in. My 2 cents.