FD OS is the deal Somewhere in around 420MM shares FD, that is the only number y'all need to be thinking about when they make this deal. The big question is CUU done, will EE just grab a bunch of Tech stock and retire or does he want the cash and to go find the next big deposit. Either way just do the math, what was spent on getting to this point the SP would be about cash value if they get offered the cash to walk away.
EE has made a few moves indicating that he may want to keep CUU going and if he does then I am sticking with him, if he doesn't well good for him and I will definitely be sending him a thank you card for his dedication and hard work over the years.
To summarize, this deal is worth (either in cash or shares of Teck) no more than what Teck approves as valid expenses, imo the project and it's resources are irrelevant now at this juncture. And if EE's average shares are .30 and EE is happy doubling his money than Teck could maybe cut a deal at that price by stating the approved expenses add up to $252 MM. (420,000,000 X .60) Great deal for Teck and EE, not so much for those who bought above .60.
The math could be off a bit, but that is the general idea of how I see this going down.
M