8x our current SP now (with no production decision)? I can't see any major dropping 600+ million for only 25% in this market. Without a production decision? Their shareholders would flip out!

Why would Teck tell the whole world they made a production decision if they have another partner engaged with them already to potentially buyout SC? Imho, if indeed Teck has another partner that is interested in SC they would work quietly behind the scene to work out a deal b/n themselves without letting anybody know what the results of the optimization studies are.

Then one day we will get a buyout announcement together with Teck announcing a production decision at the same time. This I think will be the more likely scenario. We will never see the results of the optimization studies or a production decision. This will all happen behind closed doors. Teck is funding this whole baby so imho they will chose who their partner will be.