I doubt CUU can sell anything until a production decision is made. Who is going to buy without the green light from Teck??? 1st right of refusal for Teck?

Why do you think Teck is backing in. They're going to test the East Paramount zone and when they get the results, they'll make their production decision.

The Longs here already know what the results will look like. It's the same chargeability, one side was drilled and the other wasn't. One side has a 1 to 1 correlation...and the other...hmmm

Go back and look at the results that came out of that area.

The East side has the stronger chargeability, ask ELmer. It's a game changer. The smart money will know in advance that we don't just have 2 Billion toones, we have 4 Billion tones just on that area.

The EAA will also help this decision lol.

This just gives Teck a bit more time to sign up Sumitomo or Glencore (who owns 10%+of Liard). They'll get the proof they require to get th emoney EE wants.

Opening up the east side of the Paramount is just a BIG plus for us.......We'll show this is a District and not just giveit away.

Notice on teh Teck BOD, Takeshi Kubota and Takashi Kuriyama who they represent. And since they're on teh BOD they had to vote for this backin decision.....

http://www.teck.com/Generic.aspx?PAGE=Teck+Site%2fAbout+Pages%2fBoard+of+Directors&portalName=tc

And BTW, it's not a First right of refusal, it's a first right of offer....

Definition of 'Right Of First Offer'

A contractual obligation by the owner of an asset to a rights holder to negotiate the sale of an asset with the rights holder before offering the asset for sale to third parties. If the rights holder is not interested in purchasing the asset or cannot reach an agreement with the seller, the seller has no further obligation to the rights holder and may sell the asset freely.

Investopedia explains 'Right Of First Offer'

A right of first offer is related to a right of first refusal, but the former is considered to favor the seller while the latter is considered to favor the rights holder. Assets that have a right of first refusal attached to them can be more difficult to sell because potential buyers may not want to go to the trouble of negotiating a deal that must be offered to another party first.