If a deal is not done until two years from now that is again a continued total failure by mgmt. Deals for projects which take years to construct aren't made at peak or downsides of cycles. Producing mines I agree.  This needs to happen in the next 6 months. 

I couldn't agree more, BigBuck.  I have been saying it for years.  You can't wait for the top of the commodities cycle to sell a project that won't produce anything for 4 years minimum.   

IMHO you initiate courtship of the decision makers at the Majors during the bottom of the valley of the downcycle and foster the relationship over a couple of years until you  ramp up the promotions and pressure on them to act when you reach the foothills of the next commodities cycle, i.e. right now. 

There is no doubt in my mind that, even if we have a Major chomping at the bit, the PEA isn't ready until June.  And only then do official negotiations begin, and/or the trigerring of the right of first offer.  That's a 6 month long process in itself if Teck says 'go fish'.  So based on this my best case scenario is 12 monthhs from now, but I went on record that it will be 18 months before the deal is signed and money changes hands.  You know the company track record on timelines.  I'm being relatively optimistic here, I think.  

Bottom line I agree that management not attracting a decent offer in the next year or so would be another epic failure and possibly a second super-cycle missed.  Like I said, because of unbriddled greed we are possibly locked for decades in the  "The mother of all value traps!"  I can only hope and pray I am wrong.

JMHO