I thought it was Teck was selling their share? I heard Catalyst Copper had 6 month option to buy out Teck's share for 25 million, but it was uncertain that it would happen now that Catalyst bought the Arizona property. I didn't think any monies were going into CCY's coffers. I haven't really been following it closely though.

Good on them either way, even if they don't see the cash that number would sure help with thier valuation. I wish them the best of luck.

Regarding the snippet of my post above, I was just saying that was a big assumption to assume we could get a 2.5x premium on where we are trading to sell 10%, and if Teck did walk - where would our share price be then? Probably a bigger multiple, and even more dillution to fund drilling if it does go lower. I just pointed out you were comparing apples to oranges. No big deal. Hopefully they can get that kind of valuation selling 10% (in the unlikely case Teck walks). I'm certainly not against it, I just don't think it is a given that it would happen. No offense to you, just my opinion.

I think Webgogs has the right idea with a more moderate approach to making this more saleable if Teck walked. 20 to 25 million would probably do the trick. But for many reasons this is very likely never going to come into play - I can not see Teck walking away from this in any scenario. Possibility of delays past June 4, yes - but walk for the paultry price they can back in for, I can't personally see that happen. For the many reasons posted to this board on a regular basis.