To the board in general,

I know it is a drag waiting but for pete sake if you don't believe in the project or managment sell and move on.

The constant complaining is annoying. Nobody is trapped in CUU. It is not cease traded. There are lots of great opportunities out there to buy. Undoubtably there are better returns to be found then Copper Fox somewhere.

I am not going anywhere because I believe Schaft Creek is worth between $1.64 and $6.66 per share depending on various factors (and at $1.64 the CUU retains values in Schaft Creek).

The district is the play, ask Elmer and anyone involved in Copper Fox. The BFS is essentially a starter pit for the district. A canvas for Teck to decide how they want to proceed.

At this point there is no way Teck is negotiating with CUU about outright purchase at Schaft Creek, it isn't happening. They are deciding what level they are going to back in or not that is it. The next step is to optimize the mine plan, including plan what they want to do with the deeper reserves and look to future expansion. That will take a year and possibly some drilling and engineering to verify aspects of the optimization. Probably why the 4 year clause morphed to 5 years.

Teck has not even had time to digest the BFS yet. Things don't happen immediately.

Nobody needs to stay in the stock it is trading, sell if you don't believe, but at least stop complaining about being "trapped" and blaming everyone because you are down on your investment.

Why $1.50 for a buy out price for those who believe that? What basis do people believe you are only going to get 650 million for 70 billion dollars worth of metal?