I was wondering that myself Bablitz. If we fund operations with a loan and pay it back with shares when the BFS drops it would be good for everyone wouldn't it?

• CUU gets money to explore the district (add value for all shareholders including EE)
• No dilution for share holders in the near term (especially at current SP), less dilution in the long term (assuming share price appreciates a lot from now to then),
• EE gets more shares at the end of the day.

IIRC, the main impedement to this line of reasoning is that the Agreement specifies that there cannot be any encombrances, like a loan, outstanding against the property. But a loan could be cleared up in the last few minutes before the BFS drops.

I'm still in the camp of belief that we will see the BFS sometime in September but that TCK will act the day or month that it drops to get the jump on other bidders.

I am a bit concerned at the apparent lack of intensity to this final drilling season for CUU. I hope we see more drills on site in the near future and the two there already start drilling. Each two weeks of delay means one less 500m core for the two drills combined.

glta