posted on
Oct 24, 2014 01:02PM
The only thing I can add Syd is what has been mentioned many times before. Catch 22, double edged sword, to me the facts are that in a depressed metals environment I find it intriguing that Teck continues to "slow play" this JV in hopes of waiting out and acquiring the remaining 25% "on the cheap". This works in 99% of the cases with undercapitalized juniors but not with this one. I believe Teck knows and has known for an awful long time what SC represents and they are almost forcing themselves into a corner to make a decision based on their stated needs by 2020. They haven't walked away, they formed a JV and their share price "screams" of a need to get some more projects moving forward to show shareholders that they will continue to bring quality,safe,affordable mines to the table!