ES would best answer - however several months ago I recall reading something about him hoping Teck will release by the next JV meeting CUU has with Teck, and I believe that is sometime in early October.
I'm speculating here, but I would think if released to CUU, then they must release to shareholders > or best yet, they results are signficant enough that we get a buy-out:)
Next question is - does Teck have to release optimization results to CUU once finalized? I would hope so, as Teck has given some rather strong indicators of their interest in SC, i.e.:
- announcing their back-in on their web site; according to a rep of Teck when I contacted the company it was stated this is not a common practice, and done due to dollar amount involved
- doing opt studies = spending considerable amount of money at SC in a time when they are cutting substantial expenses elsewhere
jmho
cheers
Jaf