Teck also will not pay a full premium on anything that has not been proven, it doesnt work like that. Would you pay for a car that may or may not have an engine? Our drill intercepts are excellent and my gut reaction is that we have increased our tonnes significantly and will probably also succeed in bringing up our grade....but again...until we have a resource estimate ensconcing all our minerals increasing our M+I categories, we will only recieve full price for the proven reserves

I would beg to differ with your assessment. As was mentioned here many major companies like Goldcorp have paid substantial premiums in the past to acquire properties they felt would have substantial untested potential. I believe CUU is in this position. So far the drill holes are proving Elmer's geological interpretation of a massive resource. If Teck's expert geologists also feel the same they may advise management to go all out to acquire this property. True Teck is not going to pay full value for what is completely unknown ( as it would take decades to drill this out fully) but what if there are good indications ( from Titan, aerials, geophysics etc.) that another SC type deposit was there at higher grades? Would you completely dismiss another potential 100B in value? I don't think Teck would offer zilch for it if their geos felt the strong possibility that it is indeed there. It would be a calculated gamble on Tecks part but such is the nature of these kind of acquisitions. Teck and other Majors did not get to be where they are today by not taking some calculated risks. Eg Fording Coal was a huge risks many analysts thought would sink Teck but it has proven quite the opposite hasn't it?