Vette,
You are bang on man. Man you and I must have the same mother. My lost brother from the same mother. For those pissing and moaning about our current sp look at Cobre Panama. Similar grades, huge resource - the only difference is Capex at Cobre Paname is 6B, NPV at 8% is over 3B. However if you look at how their FS was done it was done with a production rate at 240 ton/day operation over a 31 year mine life. Why was our FS done to just 21 yrs and at much lower rate of 120T/day? We have enough resources to double the rate and extend the mine way life past 30 yrs. This makes a huge impact on NPV! Upgrading the 171M tons also makes a huge difference to NPV. Those people looking at the lousy FS put out are not seeing the forest because of the trees!
WE know this and Teck knows this. Another season of drilling, upgrading and expanding the production potential plus improving the recoveries will show this as well. If Teck backs in for any percentage and does the work they know we will be much more expensive to acquire later thats why THEY together with their partners must take us out now. Why now? Do your homework people. Inmet's 80% stake in Cobre Panama was bought by First Quantum for 5B. Either they take us out now at $4+ per share or later for over $7+. My 2 cents.