I asked more questions about camp closing...he said ''you know how much it cost to have a camp open ?'' lol....I didn't buy that.

Then he also said the board voted to stop the dilution. I didn't buy that either, because what's an extra 5-10 million to unlock the value of the other zones...

So that's exactly what I was saying, that they closed the camp for funding reasons and because the payoff just wasn't there if Teck chooses to buy us out completely. They also chose not to go for further dilution because it would be very large. It is much better at this point for EE to only fund the project to the buyout with Teck. He'll get a much bigger return on the same amount of funding if he does it when CUU2 is operational.

I don't think Elmer comes up with fabrications when he's asked questions. He either says what is going on or won't comment. I'm sure that what he said is the truth.

I don't think they have an agreement yet.

JayJ: If they drilled our 100% properties, and by that I assume you mean the properties outside the Agreement, they might not have time to get results before feasibility and Teck making a decision. Also, EE would be better off saving his money to invest in CUU2 and drill those properties then and frankly who else is going to invest in this project at this time to the tune of multiple millions? If they drilled those properties outside the agreement then they would not be included in the 4X payback by Teck. They would only add to the potential value of the lands.