"To clarify, the book value of $32 is the value of Teck Resources’s assets that shareholders would theoretically receive if the company were liquidated."

That quote and article below was from July 28th but beware as these guys change their minds faster than their underwear. I think a few days later they posted a negative article about Teck but it is interesting to see TCK.B trading at less than 20 percent of what they say is it's book value.... I never thought we would see it this low again.

http://www.fool.ca/2015/07/28/3-reasons-to-like-teck-resources-ltd-as-a-turnaround-stock-today/