I would think that teck walking away would be quite the long ride.
Our SP would take a phenomenal hit as Teck walking away would tell investors that the project is not that enticing now or in the near term.
EE may be a billionare but he probably isn't big enough himself to fund buiding the project. We know next to nothing about how deep his pockets really are - which tells me they aren't that deep or at least we can't count on them being deep enough. He could probably fund the road construction which would do a lot to lower our field costs in the long, long run.
Meanwhile we would need to drill and drill and drill in new, better places (richer, shallower) that would supersede the issue of the original project's low desirabilty. That could take years and years, or at Elmer's pace of drilling, RE's, and FS's, decades.
And then what, turn around and try to find a buyer?
We've talked and talked about the what ifs of Teck walking away and I dont' think we've ever really rationalized that into a slam dunk for us. Maybe we could sell the whole project for a better shareholder value right after Teck walks.
Retaining some of the Schaft Creek Mineralized Trend to unzip later with a cash flush CUU 2.0 and new share structure, maybe another possibility.
