Linsickel, If Elmer thinks we are worth say....( just throwing numbers out there). say 1.50 a share. Teck comes to Elmer and says we will give you 1.55. Don't you think that Elmer would say ok?
Elmer knows what this is worth, anything over that I think he would except. Me and ELmer have spoke about it.
Now as for Elmer being a professional.....I wouldn't say that. I think you could say hes ok GOE but I wouldn't go to say professional.
When the BFS was progressing, Elmer didn't put the silver values in. He said it wouldn't matter. I agrued that fact till the cows came home and was (I believe) on the verg of getting banned) I was warned not to keep that psot going because I was cloggin up the board.
Low and behold, the BFS was delaid and the silver was added and gave us a big boost in our value.
As for the TPD...I was questioning the NR...some here were defending it. I want it big....in ALL "NR's". I would dare think our SP would climb dont you. That NR was made for Teck not CUU
Elmer has a model on valuing SC. What he doesn't know is how much more value will the JV get by having Teck running the numbers.
In the FS, we have engineers running the numbers. Now, we have Teck running the numbers and they know how much it'll cost them to put it into production.
That's why we are waiting for the optimization studies.