Vette and his delusional buyout valuations LOL! This is just comedic gold folks. Remember, this the same kind of delusional pipe dreams from the same person who was promising investors for the past 3 years that once the BFS was released, "big buyers" would be jumping aboard driving the share price up to $3 or more, before Teck even makes their offer. As we all know, that didn't happen. Quite the opposite happened.
Re: Buy-out Price
So...Teck will try an offer. The 1st one should be early (1st 30 days), if refused by Ernesto, they'll try again, second month, etc.
But when the 120th day comes along, with no agreement, they'll be forced to act.
Then others will know what they can bid for. Then we have a bidding war on our hands and that is when $7 is possible.
Since Teck is aware of this....their 1st offer should be fair and reasonable. But if CUU wants a bidding war..all they have to do is keep saying no thank you.....