What I am trying to say is... TECK's share prices have declined quite a bit over the past few years like CUU. Do you think TECK will ever offer us a fair price as they are struggling to battle the decline as well? As stated in that article, it is somewhat belief that TECK is quite dependent on China's economics.. seems to be a positive correlation there except CUU share prices seem to be quite sensitive to China's economics IMO.

Why wouldn't Teck offer us a fair offer? Just because their share price is at a low?

Teck and CUU share prices are correlated to commodities. And China does affect the prices of commodities.

Still...I don't get just because Teck shares are at a low, why can't a fair price be settled?

And I could be speculating but I would also think TECK's management would wait and see how China's economy unfolds before making any offers etc. Right now, it feels like we are on the edge of another bubble, all the money moved out of small caps into big caps, housing prices gone up unbelivably... if the bubble bursts, i wouldn't be suprised we are in more deeper red zone and would have to wait longer.

True that may be a concern of Teck. But with other producers, Teck and other miners belive that copper will be in the deficits in the upcoming years and that copper prices will be higher than what it is today.

I somewhat forgot the financial's of TECK... but do you think if they bought out CUU at a fair price, would it put the company on a bad financial situation?

Last time we talked about Teck's finanial situation, I believe they had $2 billion in cash and $3 billion in credit facility. Liquidity of more than $5 billion. Aside from that, they have purchased their own shares on the market (fair price can be a combination of shares and cash). Keep in mind that after owning 100% of Schaft Creek, Teck can sell off percentages of this project to other parties.

What are our options? Since we formed a JV with TECK... i am hearing it is all dependent on what they do... so what can we do? what can we get Elmer to do to get us out of this situation instead of waiting it out?

You're correct, Teck is the operator. Elmer only provides consultation in the JV. Currently there is nothing Elmer can do until the studies are released and he probably won't get it until the next JV meeting (next week). I like having Teck as operator. They are paying for expenses and they know how fast they can get this project into production. The cash cost per pound of copper in SC is very attractive. Plus I don't think any fog will affect Teck is doing any work...