bbay, your are changing the subject. I never said one suitor is better than many. I said that buy-out negotiations is more material than known BFS info.
I stand by my beleif that it is permissible to hold back the release of material information if its release would jeopardize a more material development like buy-out negotiations. The end game is more material than a report confirming/enhancing a PFS, justifying the the delayed release of BFS info.
If Teck ultimately does not produce an offer that CUU Management thinks they could get in an "Auction" or "bidding war" then they threaten Teck to break off negotiations and shop themselves around. Teck's goes hold on, hold on, we play fair and here's pretty much what you want and why don't we continue working so productively together?" (spinco agreements)
Besides, Elmer has indicated that he has conversations with other suitors, Chinese, Indians, South Koreans IIRC. So there is nothing holding them back from having discussions with these other suitors while Teck makes various overtures. You have no idea how busy they may have been lately with material information in hand.
