But IMO, if Teck did not at least back-in at 20%, CUU's sp would nose dive. Even with NR that says CUU is in discussions with Teck and a decision is expected within 120 days, we are still at .82 cents.

Here`s my thinking on whether Teck would walk. Imo, I think the possibility of that is next to zero. Even if they think the grades are still to low ( very unlikely as the BFS has demonstrated it is economical with 1/2 the deposit ) the worst that could happen is they back in for a percentage - most likely 40% and at least spend a little 10-20m to firm up the 171M tons of waste and drill the other areas of potential interests.

There is nothing in the back-in agreement that saids they have to spend the entire 252M (back in agreement at 40%). They only have to spend that much if they want to retain their 40% interest. If they at least spend enough on 1 year of further exploration they could then decide if it is worthwhile to continue or walk away. With what is known to date about the titans, mira and exploration drill holes that has hit mineralization in the Discovery zone wouldn`t they want to take a chance this district could host enormous potential for higher grades and perhaps a bigger deposit? What is spending another 10-20M to Teck?

Furthermore, I don`t think all the scenarios about Teck dragging this out makes much sense either. In five more months we will be entering our field work season. By the end of April at the latest they should wrap this up if they want to do any more drilling in SC otherwise they will waste another year without further work necessary to be done. Then there is the issue of our place in the line up in the power grid. If this mine is going to be built can they put off this decision for a few more years? It takes 5 years to build the mine so if they want to do more work to be sure of a production decision they have to do it now (this season imho) I`m sure that when BC Hydro has completed the NTL they will want paying customers on it asap. Its first come first served and other mining projects will be competing for that coveted power spot ( which is another reason imho, that Teck has to take us out soon ).