How low can Teck go? I suspect the Teck accountants are seriously crunching the numbers right now. Too much historical data for me but I know Mr. Ernest bought a few truck loads in around the .10 average. Since he is the majority shareholder in this deal, if there is one, it's really about him and what his profit expectations are for taking this thing up to this point. IMO if Teck wants this as a potential future resource that is most likely what they are working on.
So, what does he want, he seems reasonable so is it $10MM, $50MM, $100MM? Lets says it's $50MM and since I don't have all the data required lets ball park his average price per share at .60. We will round out the FD to 415,000,000 and Ernest at 275,000,000 of those.
For a $50MM profit to Ernest Teck would have to pay in around the .80 per share mark?
Feel free to correct my math.