There probably are better CuU folks to talk to than Jason but this has been the most definitive price range we've ever been given (giggles included). As for the 'several people' thinking $3 minimum... would they know better than Jason?

In a phone conversation that I had with Elmer the day after the feasibility figures were released he said he would not take $1.15. (I'm not quite sure why he chose that number except that it is the cash cost/lb base case and ROV.) If they get an independent valuation based on the feasibility it should give us a price of around $1.25 at least. How disappointing.

I assume that Jason is trying to manage our expectations in a way that he has been told, so we shouldn't ignore it. Why would they be talking the buyout price down now if they hadn't heard from Teck? Are they getting industry feedback that is telling them to temper their expectations?

I really don't like the way they gloss over the dates and deadlines. It sounds like they really don't even know themselves what to expect. I'm not happy to hear that Ernesto has a "very long-term outlook."