My prediction a few weeks ago has proven to be incorrect.  I had expected a huge fall in the share price.  This did not happen at least not yet.

My prediction now is that TECK may or may not buy a portion of CUU but it will not agree to to any contract that would force it into building a mine with any fixed timeline.   They have other options in the copper space as well as in coal of course.  $3b is just too much to commit in an uncertain world.


Teck might offer $1.20 a share to buy out CUU as a long term pipeline resource.  I doubt that this will happen but it is possible.