"We have no assurance that this project will ever get built. That is by far the greatest risk with this invesment."

That would be true IF CUU management made a decission to take this to that stage (i.e., mine), but as far as I know they still want to sell. So the greatest risk in short term would be lack of interest for our 25% by another entity. If the metal market bounces this risk will surely decrease.

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CUU management made the decision to give up on all the anti-mothball clauses. We are completely and absolutely at Teck's mercy right now. If they want to shelve the project for a later date, they can (and for as long as they want) and there isn't a single thing we can do about it.

Think about what really could happen here. What is the whole project worth as it sits? 1-2 billion, maybe more? We allowed Teck to put us on a indeterminate lay-away plan for a measley 20 million down payment.

Sure we can sell our 25% to anyone, at any time, but Teck is in control and who is going to pay the money we are expecting for 25% of a shelved project? This is the elephant in the room it seems we want to ignore.

Yes, this may not all happen, and they may be planning to build a mine ASAP, but with all the previous 'Teck wants this delayed" speculation over the past years you have to wonder where we are headed and what was Elmer thinking?