Why does he not just settle and take $1.00 to $1.50 per share for the project and get on with more lucrative plays?

Somebody has to first offer that $1.00 to $1.50. An offer upwards of 1100% premium to share price! And in this market? That would certainly be something.

We have to accept they would not stall this if the plan was to make a production decision in the next 2-3 years. This is shelved for several years. Who in his right mind would offer 1$ for a 25% that is worth nothing until Teck says otherwise? Sure there is pounds in the ground but there are several opportunities to make a better investment until Teck changes mind. And I guess investors will make the same calculation unless Elmer really does something surprisingly positive within the next 3 months. And as far as I remember for the last 5 years, I have failed to see anything positive actually come to fruition. (and no I wont call him, the idiots that still rely on his chuckles to feel cozy have probably already given their credit card infos to the Windows customer service indians that somehow keep calling)