Those of whom said CUU is run like a 'private company' are correct. The institutional investors are not coming in because of this fact. And also because the ball is in Teck's court in relation to the back in.
Furthermore, timelines mean nothing to this 'private company'. That has been proven over and over. The BFS should've been released months ago even for a district this BIG. Now the continual delays could mean bigger trouble if the markets get more CHINA/EURO jitters. Which are inevitable.
If they are waiting for Teck to negotiate, its then thats fine. But release your BFS when you have it. So far all I hear is "its coming soon". At some time that excuse wears thin, as public companies have investors that expect some tangible proof that the company they are invest in is informing them of what is going on for all this time. Like the reason why drills were sent up then retracted immediately...
So what are we looking at now? Weeks? Which usually means months from now.
On a side note: I even emailed Jim Gray to get some info this week, he redirected me back to CUU.