From the Bloomberg article posted by Skyraider
http://www.bloomberg.com/news/articles/2015-03-04/teck-seeks-copper-mining-acquisition-amid-price-slump

Teck Resources Ltd., Canada’s second-largest mining company, is looking to buy a copper mine as the current slump in prices puts pressure on some rivals to sell...

...Copper fell to a five-year low in January amid a global supply glut. While it has since rebounded, the metal is still down 17 percent from a year ago. The longer the price stays at about $2.60 a pound -- close to current levels -- the more the likelihood that some producers will be forced to sell mines, according to the Teck boss

Despite current weak prices, Vancouver-based Teck sees a significant production deficit emerging by 2017, with copper prices eventually rising to more than $3. Demand is “pretty solid,” while regulatory concerns and other hurdles make it difficult to build new mines, Lindsay said.

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Are we reading the same article?

It seems very clear he wants to buy a producing asset (a mine), seeing that "regulatory concerns and other hurdles make it difficult to build new mines". A new mine wouldn't be producing by the predicted production deficit by 2017 either.

I can understand the excitement that Teck is bullish on copper, that is great news.

The talk about assets and not wanting to overpay may be directed at us as we are in a stable political location, but the "There are competitors out there who are prepared to pay quite significant prices, probably using a $3.50 or $3.75 copper price to justify their bid" is likely referring to a mine? Partners are not usually referred to as competitors?

If it is actually referring to us - Elmer better get on that. Put out some feelers, etc...

The lack of a production decision is a pretty big barrier right now. Maybe Elmer can push a bit if it becomes obvious they are delaying?