Vette,

I agree with you. This is my first post and have held CUU since 2009. In an interview on BNN I believe in 2011, Don was asked a question abouyt CIC. The question was when will they do a JV. His reply was that they have not found the right project yet.

If CUU is not the right JV then I don't know what will be. It is in Teck's backyard, a district, political save, negative copper cost, 50+ year mine life, etc.

I believe Teck/CIC will buy this district for 2.5 - 3.0 billion. I don't know if the JV will be 50:50 or will Teck have to take a higher percentage so that there are no issue from the Federal goverment. This would but the buy out between $6.00 - $7.50.

In this senario, Teck has to come up with 1.25 - 1.5 Billion and they have 3.6 Billion in cash. Their shareholders should not complain as their partner is CIC which has deep pockets.

GLTA

Analytical