The insiders are not stupid and I did not say that. EE's book value is something like 10 cents or less. DM is probably about as low. While they won't leave money on the table, the amount of money that anyone (e.g. Teck) might put on the table these days is considerably less than a year or 2 years ago.

On top of that the Insiders are firmly glued to this investment. They can't get their money out without a deal for the whole enchilada and EE can't cut off funding either as he needs to keep firing more money into CUU till this thing comes to fruition.

Unfortunately, Teck isn't stupid either and they will want to select the best projects for the best price in a field of many bargains.