HayZToo (report from Smithers):

"Overall the tone was uplifting... considering where the share price is. He reiterated that they are in discussion with Teck, but did/will not (because he obviously cannot) go into details. He stated that they do not know what Teck will do, but he believes (his opinion) that Teck will only do one of two things. They will either take EVERYTHING, or they will walk away from the property entirely. I get the impression that he does not think they will walk away, but he was very clear in stating that he does not know what they will do."

What Elmer said in yesterday's call:

Based on their questions I think they are trying to decide what they want to do with SC. They have 2 choices walk away or earn back their interest. I think they are trying to make their mind up as to what they are going.

There is no mention of a buyout. Teck has the right pursuant to the Option Agreement to earn back into the project. If Teck is considering a buyout, that is something we are not aware of.

When Elmer said Teck will either take EVERYTHING... I would assume he means a buyout right? So how can he say there is no mention of a buyout and if Teck is considering it, that is something he is not aware of? Throughout my conversation with him he keeps saying that Teck is making a decision regarding earning back their interest.

Once again, I don't know what to believe. Still confused.