" If our 24% interest in the optioned lands are sold for only $900 million say, what the hell is Copper Fox going to do with $900 million in cash sitting idle on the books? Sorry but in imo any kind of sale would net us a distribution. "

It would make more sense that Teck buy our shares. By doing so they would also gain control on other land in the surrounding areas. CF does own other property, perhaps there may be a spinout looming.

I've been a proponent of a share deal as an asset deal is not an ideal exit strategy for the insiders. I can only see Teck liking it for the tax value. A share for share deal (Teck for CF) would also defer tax until Teck shares are ultimately sold.

IMHO