- TECK walks (imo, very remote, they would have done it already): now CUU owns 100% of the project. We could sell 10-20% stake in it for about 50 to XX million to cover cost of a major drilling plan, resource update and BFS update. In this case we don't really need a major miner, a mid-tier would also be interested in getting a slice of a mining district for a song. In about one year time CUU would sell an 80% stake in a very much improved project with no dillition of O/S.
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IMHO, seliing off 10-20% or dilluting 10-20% isn't all that different.
Just a different kind of dillution?
Hopefully one of the first 2 options comes to fruition.