Thanks folks for the replies. I understand that most of this is speculation anyway but it is always nice to get positive input.
Just a couple of points. While I always appreciate the smell of coffee, it is important to note that nothing has been released to the public concerning talks between Teck and CUU. In fact, I think I have seen several remarks attributed to both Teck and CUU that no negotiations have taken place. They may be happening behind the scenes but we know nothing for sure.
I would also question the scenario
CUU Management goes along with the delay because it is in the best interest of shareholders. I am not a corporate lawyer but my take is that it is permissible to hold on to material information if its release would jeopardize a greater material development...
It would be very difficult to justify a greater good particularly with the list of reasons Vette provided for Teck not wanting the FS released
I can give you plenty of secondary reasons why Teck would not want the Feasibility out:
* Attracting competitors
* Forced back in
* Start spending expenditure money on day 1
* Must spend every expenditure penny before earning it's ineterest
* Must bring mine in production under 4 years
Etc..
..but the main reason is UPON DELIVERY OF FEASIBILITY, Teck must transfer the Indirect Interest / Liard Interest = voting shares = control to CUU.
But it is always good to see other peoples points of view.
Thanks again
bbay
