IMHO, The 120 day clock is barely relevent. Personally there have been in talks since the tetra tech fiasco last spring. These kinds of deals take a very long time ( look at how long it took for the viterra deal to make it to the public ). This. Whole thing has been smoke and mirrors because all this stalling is for hammering out a deal acceptable to both partys. Think about drills on drills off last summer Teck probably said we know whats there and we are not paying for more drilling. We have been drilling up this property for 50 years. The deal is being worked on to probably have CF continue to work the lands not included in the agreement. The market needs this resourse and everything is waiting for enviro permits which the rules changed part way through the process. I don' think they can drag this out until 3rd quarter this year and Teck has to take a leap of faith and explin to thier shareholders that this is a great asset. The markets are just plain bad now and who knows the venture may implode. Once we know whats being done we should look into getting listed on the TSX. Just putting it out there with all the other speculations. 2b40