RE:RE:RE:RE:Teck...Dangerously close to discussion. But I see from the copied bits that the resident troll can't carry a conversation without spitting some bile.
Beyond their sustained commitment to Fort Hills, it is patently obvious that Teck is in no mood to be investing in capital-intensive projects like SC, if it even makes the cut in terms of economics and other issues. The most recent activities of the JV and the legal language that CUU used in their last release clearly suggest that Teck is not accelerating the activity on SC, and there may be issues regarding the resource, etc.
So while the capital cost of SC has almost certainly inflated since the BFS, what has happened is a systemic collapse of the metals business, producing many distressed operating or near-to operating mines that are valued below their capital cost. That means Teck can be in in the position of acquiring one or more of these assets at a significant discount. This news item is the first concrete mention by Lindsay that they are considering an acquisition which I take to mean they are serious about it. Companies like Teck need to telegraph their intentions, especially given Teck's spotty record of aquisitions in the past.
So, there you have it. SC is increasingly out of the running for investment by Teck, and CUU continues to burn a cash flow fuse. Maybe the tax refund will come in and save their bacon. I feel like there should be a punch line in there somewhere, but it is rather sad if you hold shares and have expectation this will rise like the phoenix.