9. If Teck walks do we have a Plan B. Do we have a major lined up? Are we going to do more drilling and exploration?

Yes, we do have a Plan B.Obviously, we will have to try and find another major.As you know, there has been some enhancements recommended in the FS. Doing these enhancements, the expectation, assuming success, will significantly improve the value of the project.At the same time, CUU will have to make a decision whether we are going to do that work or not.Clearly, we have been approached in the past by other majors, but they basically said they are going to wait to see what Teck decides to do.Clearly, if Teck decides to walk away from the project, then we obviously will have to approach another large producer because the project is of sufficient size and scale and we will need somebody who has developed mines of this scale before, with the infrastructure and personnel that it is done properly and in an appropriate timeline.

10. If we have to deal with other suitors, how long will that take?

They will have to do due diligence of all the material and yes, it will take months. It all depends how long it takes to find an attractive partner.There’s a lot going on in the copper space right now, the copper industry is expecting 2013 to be a very busy year.We have just seen a major acquisition in First Quantum and so it’s hard to put a timeline as to how long it would take.

11. Do we expect a bidding war?

That’s a possibility.But there again it is strictly speculation.If we were to go out and look for another partner, then I suspect we would probably approach a number of different companies at the same time.

Elmer is basically saying we haven't found another buyer yet and it takes time to find one. He also states in item 10, "they will have to do due diligence of all the material and yes, it will take months." If Teck is taking this long to make a decision, and they've been kept in the loop with weekly meetings, database, being involved in SC for many years, etc., you really think another buyer won't take a long time to analyze 10,000 pages, plus MIRA, RE, Titan, etc. And don't forget, Teck has his engineers working alongside CUU and they still to date, have questions. Also, Elmer states, "It all depends how long it takes to find an attractive partner."