To spin that off, CUU has to first set up a CUU2, have CUU2 acquire the US sub; then when Teck buys out all the CUU shares, it would not also own the sub with the AZ properties. A minor legal inconvenience but must be taken care of.

Interesting stuff Walkingzombie. How do you think (theorize) that CUU 2.0 would be established to carry out this scenario you've presented? Would this all have to happen concurrent to any buyout deal ( or be a 'subject to' type clause)? CUU owns the properties via the subsiderary. Who would own CUU 2.0 while it buys the subsideray /Az property? Us? Where would it get its cash? I imagine some or much of this would require a shareholder vote?