Pretty soon I'll be making the case with some stocks that will outrun wht cuu will give. Take Thompson Creek for example. They look like they are about to recover 30%. They'll do that over a 1 month period. I'm seeing others that are setting up to rebound as well. So next Friday or saturday perhaps? I think people may need another option to recover the losses they sustained so far. With all the arguements for Teck having started their own review comes the 1 single arguement that derails all that logic. And it's this. CUU has not started the clock. We can say a deal is undoubtedly in the works but given what we know about deals of this size they can take a year to put together. People who can't wait to vote on the deal at the next AGM might want to start looking at other deals before those leave the station. I know no one wants to hear it but this is the pattern we are locked into. CUU has added months to the BFS and still says it's not done!

We are left asking ourselves why they didn't publish it before signing the supposed NDA. According to the company, the BFS was not done. All we can do is accept that it's not done because if it was, we'd get a NR. 2 years ago I talked to Elmer about this very thing. He said no way, CUU would publish and then talk, the decision is ours to make. Assuming nothing changed, where is it? Now just because it's not done doesn't preclude Teck from starting their own process. Hell, Teck could be the one who is impatient. They could have started without it. In fact, a person I spoke to today says this is more like it. He believes the major has it's act together and the Jr doesn't. If you just looked at the paper end of things this is a compelling arguement. The Jr is awefull at doing anything it says. The major says something and does it.

I hadn't really looked at it this way too much because we talk to the Jr. We know the problems we've encountered. When was the last time someone had to hire a baby sitter to get a mine plan together? I can't seem to remember any examples. So todays discussion left me with the impression the we have dropped the ball again. It's also possible our past failings are coming to haunt us. We have not chosen anyone to evaluate what we are worth. This is a fact. I have to ask why that is? Oh, they have a few names in mind. Really? For a guy who plans ahead that didn't sound encouraging. We don't want time on our hands to go looking for an internal auditor. Now with what seems like a gag in place we can't even address these types of question.

So later on this month I'm going to wrap up my short list and evaluate cuu one last time. I hope we hear something over the next week. It sure would be nice to know the company isn't preparing for bankruptcy as interpol searches for our awol directors. psst, Elmer, I here Belize is nice. Leave the suite case of cash under the hut at Jungle Jeanies. (blatant plug)