1. What's the likelihood of getting a large dividend for the sale of SC versus selling everything and having a spin-co that has option agreements with TECK to explore the remaining land?

A. Worth another answer. Considering that Teck has the best explorer and one with a very good relationship the outcome favours this. It is possible that Teck takes us out and all the other guys in one grand move. But, this still would leave the question of who would do the exploration. There’s risk involved and the Majors avoid risk where they can. They also like to operate and manage much more than they like to explore even with their own guys. Due to the shear size of the “Mining Province” Teck will need more explorers that they have. Proven guys are hard to find and that’s why you pay them 4 times the drilling.

________________________________________________________________________

I've tried reading in between the lines, but I haven't really figured out what the answer is. If we have CUU 2.0, we'd be exploring. If we kept CUU and sold just the individual lands, got a dividend and explored the rest of our lands and optioned any land that TECK wanted us to, we'd still be the exploreres. In both cases, I see us being the explorers - but it does make of how it plays out in terms of share structure, board, company assets etc etc. Can anyone give any insight?