Not to belabor this, but I was simply trying to come up with a way to think about what our current equity position is

If we think about what we have spent to date us simply prefunding our participation in the mine, a sum that will be matched by a factor of 4 by Teck on back in, then the question arises as to how that could be monetized

Or what is the equity that CUU has earned in the project?

I may not have been precise in considering the allocation, but as vette pointed out, ther really will be no clear slicing of the project

We will have 1/4 and we will not have to add a penny until Teck goes in for our share plus theirs in bringing the property to production

I submit that this is worth a minimum of $1.20 a share today