Are you serious, hoghead? or is math a difficult subject for you? Here is an example.

CUU sells 10% for 60 million dollars.

If it were a PP, 60 million dollars would amount to 100 million shares @ 60 cents. Those 100 million shares would amount to 25% dillution (based on 400 million O/S)

If the whole project is worh 1 billion (as an example), then:

if sell 10% the SP = 1 billion x.9 / 400 million = $2.25

if PP @ 60 cents the SP = 1 billion / 500 million = $2

I would rather sell 10%, how about you?

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You are assuming we can sell 10% for 60 million (right after Teck just passed on 20% for 80 million).

What is our market cap (.60 x 400 million = 240 million)? 10% of that is only 24 million. You are making a big assumption that a partner will be willing to pony up 2.5 times our share price, and then insult me for not following your math? We can be civil can't we?

I think if we sell 10%, the partnering company is not going to want to pay a significant premium on our trading price. My opinion is they will want to pay no more than a small premium (if at all in this market). Who will be in the position of strength in making that deal come together.

So yes, I would absolutely prefer to sell 10% for 60 million than dillute 25% for 60, but I think thats a loaded question. Hopefully they can pull it off, but you talk like it is a given and I don't think it is.

Where do you expect our SP to go if Teck walks? Up or down? Adjust the numbers accordingly based on what you think will happen...

And can't we all just get along? Replying to your original post wasn't an insult on your intelligence - we are just discussing options and scenarios anyways.