That has always made sense to me, Liddy. Even if a 100% buyout is in fact the approach Teck is taking there is still the outstanding matter of "at what price". The delays could be just a matter of back and forth haggling on final price.

My impression from ES was that the negotiations are about much more than just price. There are mulitiple factors/questions/analyses/ going on (I did not get specifics). Again, this makes sense because many scenarios could be possible going forward.

ES consistently reiterated that this is a DISTRICT, and that there is still much more potential exploration. SC+surrounding lands is a huge complex property with many ways to expand and improve; on top of that CUU has a contract with multiple options for TECK.

I'm guessing all these angles are being thrown around, resulting in a long process.