"..valuation based on the SP of a private company? Who gets to set that SP when its not publically traded? .."

The sp of a private company is the market value of all its assets, less the outstanding liabilities, divided by the number of shares.

The liabilities and the number of shares can be determined relatively easily, unless there is a pending or potential legal action.

The assets of a company like CUU is a bit more tricky to determine, and if the BFS is complete, it would be a good place to start. Since it took forever to develop and is supposed to have been reviewed by so many top notch experts, the numbers from the BFS should be acceptable to most and would be a good estimation of the value of SC. Once we know whether or not TCK backs in and by how many %, the value of SC can be reasonable estimated. Add to that the adjacent land claims and the Arizona property, we should have an idea how much CUU's assets are worth. The intangibles would likely not be given much value. Of course, easier said than done! It would take an army of experts to come up with a value!

In addition, to take a public company private would require 75% approval from SH in a special SH's meeting and I am not sure "they" have the needed 75% vote, yet. JMO