Yes it does look like it was a blessing in disguise that Teck backed out. What is the future?
A. Another JV, maybe but even with a 50/50 agreement maybe not much payoff for the long term shareholders.
B. Buyout (including Ogden Property?) again maybe not much payoff for the long term shareholders. A 100% premium over the held down price of the last 30-90 days probably wouldn't get many up to breakeven, no less a profit.
C. Continued drilling results
- If the past so-so results just add to the Inferred, not much help.
- If the ore deposit open is extended further to Lake Shore but again with the so-so results, not much help.
- If a couple of really good results [insert your idea of g/t and meters of intercept here], could be some help, especially if they were stepouts to Lake Shore.
- A lot of infill holes with so-so results, will convert the inferred into measured, a good thing but not much help.
- If a couple of bonanza results [insert your idea of g/t and meters of intercept here], could be very good to start a bidding war.
Not sure what to wish/hope/hold breath for.
