One last thing I keep seeing is people are calculating the value of Scaft Creek at 24% (which I understand as everyone is trying to eliminate value for Teck ownership) but Teck owns nothing of Schaft Creek last I checked.

So according to everyone doing NPV calculations we had better hope that Teck walks because following that logic CUU will be an instant 4 bagger the moment Teck goes.

Schaft Creek is seriously de-risked at this point, the EA cert would have been nice but unfortunately there is an exhastive complicated and inefficient beaucracy that doesn't allow the smooth transfer of information in B.C.

The value of the project is not in the NPV of a the mine, it really is in being able to start a mine in the district.

If you need to try and put a value on the mine to the shares try figuring out what eps will be for CUU from the project (including liard shares) then discount it for risk and multiply that by between 8 and 10 and you should get an idea of what the value of the project is worth to the share price of CUU. I have not worked out the numbers in this manner as I am holding my shares till the end.