"...it still means nothing if Ernesto/Elmer does not trigger ROFO to force TECK to the table and start negotiating; there is no way TECK will let copper fox find another buyer, imo."

I've often wondered about the value of ROFO. What third party would be interested in buying out Copper Fox's share knowing that Teck would look on such a move negatively? Hardly the start of a fruitful, co-operative partnership, is it?