That time has come where we know Teck is forced into a decision. In both cases, not backing in for 75% doesn't make sense and backing in for 75% doesn't make sense either.

75% back-in:

We know Teck has the option to earn 75% of multi billions for almost nothing.

Yet leaving CUU with 25% is way to dangerous. that 25% goes far beyond de value.

It inlcudes 1) voting shares, 2) financing to production, 3) spending 4x90+ million (almost our current market cap), 4) 4 year clause

Is Teck going to let CUU keep that power...Will they let CUU sell it to someone else....

How many major mining companies (10) would throw themselves at this power...a risk free, money free ride with control to a massive deposit in canada with goverment and 1st nation support etc.

On the other hand if Teck takes 40%, how many Billions are they just pi$$ing away for nothing. CUU can sell 60% of multi Billions, almost 3x more than what the market thinks we own. And Teck still must pay 3x90 million...60% of that going to CUU directly.

What's left:

Sure the feasibility comes and Teck is forced to make that back in decision and can't look back, a decision we already know doesn't make sense.

Teck needs to eliminate CUU and that option agreement 1st.

Once CUU is out of the picture, Teck can sell the 25% without giving away the controling shares, without dealing with a 4 year clause, without financing anybody to production, without 4x expenditures and without having to earn it's interest.

This is what we're waiting for. The day Elmer was transfered to the Liard board is the day the executives started their now to be 1 year blackout.

This is when the negotiations started. All these crazy almost impossible unbelievable delays have led up to this decision.

And as we waited. land was bought continuously, port was reserved, aerial survey, Titan survey, spectral survey and Mira report all done (we never got to see it) And the Discovery zone data was gathered.....

December 12, 2011
Teck Resources Limited invited Elmer B. Stewart to join the board of directors of Liard Copper Mines Limited ("Liard"). The annual general meeting of shareholders of Liard was held on November 30, 2011 at which time, Mr. Stewart's appointment as director was approved by the shareholders of Liard.