That price, imho, only includes lands subject to the back in agreement with Teck. The extra lands outside that agreement belong exclusively to CUU. If Teck decides to buyout all of CUU we could be looking at 8+ per share. Some have a hard time wrapping their heads around these numbers but consider the huge potential we have here.

Elmer said with confidence that we are very likely sitting on a district scale deposit with several SC size areas of mineralization. SC is already 1.2B tons of proven and indicated plus 600M tons of inferred and it still is open in all directions. This could easily support a massive 180,000 ton/day operation for 30 years. Now imagine 4 other sized SC deposits. This area could eventually support 5 to 6 mining operations. With that kind of productive capacity BC could very well become a very significant copper producing district.

Think 5-10% of global output from one district. Mind boggling to say the least but very well possible in the future. Now what would you pay to eventually control 5% of world output? IMHO, I think Teck should grab the whole thing while its still cheap. 3B would be nothing compared to what they could be making back with 5% of World output... My 2 cents.