I see lots of talk about CUU-2 to continue after current CUU is bought out. If that is to be the case (instead of complete buyout), wouldn't it be easier and cheaper to have TECK give a lump sum of say $4 per share for Schaft Creek and then have current CUU continue with the rest of the land?

I think Elmer likes the option that you are mentioning here, as I've heard him say this personally as have others here. Teck buys out a chunk of the lands for cash (thereby gaining 100% control), and CUU continues on as the same company (CUU 2.0 in effect post-buyout), perhaps negotiating another back-in agreement on the additional lands ready to be proved up. Why not keep a cozy relationship with Teck? They'd rather someone else prove up the deposit and then they (and partners) develop it.

I like this option because we could all get a huge dividend, maybe consolidate the share structure for a smaller float. And go exploring with $100m cash in the bank ... that way Teck only pays for what is proved up, and we don't sell all the lands for a song when we could be proving up one or more Schaft size deposits. 1 more Schaft Creek with grades like we have in the Paramount Zone would be huge, 2 more Schaft Creeks ... 3???