It explains the land buy. We probably need the extra leverage. Some people are saying there's a reason that no one else bought that land. My USA intel has looked at the surrounding areas too. It's still pro mining. Yes, there are a couple who face pressure over water but in general it's still pro money.

Another big question is why the other big players are not making an attempt on us but that appears to be restricted because of the deal we have with Teck. That means $8 of value may go for less because Teck won't pay more. On top of this we may end up in 2013 before the deal concludes. I've calculated our value as potentially higher than Teck's offer if we go mining. The price of that is 4 years of waiting. Since Elmer knows we could be in for a very long wait it makes sense to have something else on deck. What are we supposed to do in the mean time?