While logic says that either Rox will soon get taken out by Teck...

While logic says that either Rox will soon get taken out by Teck or at least sell Teena for a decent amount, its wotth remembering the undiciplined way large miners have managed their capital in years past, by ignoring to take afvantage of the gloom at the bottom of the cycle, while paying up big time for acquisitions at the top of the cycle.

So it wouldn't surprise me to see some giddy amount being payed for Rox, or Rox's share of Teena, a few years from now whilst ignoring the opportunity presented by the current malaise in mining.