Opinions are like hind ends, everyone has one. some are based on need or want and some on facts or indicators. mine is based on the following.

I was told, by a reliable source that I can't reveal, long ago that EE wouldn't take less than 1.50 and was looking for closer to 2.00. We only had Schaft at the time.

EE puts his m&a specialist, mr. Gomez, on the board.

the PP was only enough to keep the lights on for a while, and no exploration.

the daily volume went from very little to millions, then hundreds of thousands daily and lately, tens of thousands while someone was mopping up easy shares.

Teck decides their future lies in copper and not in profitable coal.

Newmont was anxious to get started on Galore and has lately become silent.

Teck has bought the claims connecting Galore to Schaft.

it's just good business to buy as many cheap shares as possible to reduce the all in or buyout cost.

if the exploration at Schaft was negative Teck would be degrading the project instead of hiding the results.

if it takes 4 years to build a mine and 15 months for the road and a projected 30% copper deficit by 2030 they better get started"SOON",

sorry, couldn't resist. 
I've been wrong before but that's my opinion now. Best to all  chunky