"Again, this is about a major securing our 25% for their long term plans before soemone else does." Vette, so again, assuming Teck does not want a partner, and assuming CUU asking price was too high, are we to conclude that they really want more proof (and thus the drilling) 'just to make sure' before taking the remaining 25% out directly themselves?

CUU got the ''First Right Of Offer'' in there for a reason. Business is business. If someone out of the blue comes knocking (Russia, Korea, India, China, Japan,), Teck (partner or no partner) will have to assume. Then we have a bidding war.

After this round of drilling on an Untested area, the scope and potential size will change completely (proof in hand) and so will the price tag.