I suspect that the Saudi's will not be approved by the Government of Canada to acquire anything significant in Canada, much less our natural resources.
The Schaft Creek Mining District is very significant. We now know that Schaft Creek is on the Provincial and Federal Govt's recent 'inventory lists' of natural resource projects to be oversought and protected from unfettered foreign acquisitions.
Assuming Newmont wants in on SC (a very safe assumption imo), I have to wonder whether they are walking on eggshells lately about how to best navigate the resource protectionism wave and how to secure Govt approval for an investment from a US company in a Canadian natural resource.
BTW, no that I think this would make a huge difference to our fate. If Teck wants to develop the Schaft CReek Mining District they would certainly be able to come up with the funds for a bigger stakeholding, notwithstanding the added risk they would have to accept with a bigger stake.
I'm curious about what others think about whether Newmont would be blocked.