Since I started this thread, let me respond to several who have commented. My ulterior motivations are quite simple. I have been brought up to treat people honestly and fairly and I expect the same from others in my personal and business lives. I invested in this company for reasons that they published enticing investors to come aboard. I am disappointed to learn from recent reports from the AGM that our CEO had doubts about the enforcement of the Salazar agreement and I questioned the timeframe for his analysis. Are these discussion boards not here to propose such questions? Enough said.

I still believe in this resource and I believe that it will pay off someday. I am less than happy with this management , but happy that Teck will now make the appopriate business decision.

glta you longs

Wow. Your logic is way too out there for me. Instead of your stupid scenarios, how about Elmer and management telling us what they think as they think? Gee, then I could make a decision to invest in this company on facts. You know, something called honesty. You obviously cannot understand this and rather would attribute all doom and gloom scenarios to us being kept in the dark as long as management decides.

I agree with you that they went off field with the Salazar agreement. That being said, I never thought the agreement can be 100% enforceable. One reason is bringing the mine into production in 4 years or risk losing 75%. IMO, it would not be accomplished for a mine as large as schaft creek. You're basically telling Teck, do this in 4 years or you lose everything. It doesn't make business sense as then we are not cooperating and thinking rationally with Teck. It would then be better for Teck to walk away from this deal and leave us to deal with the market. And this market has been DEAD for the past years.

So what did we get out of this? Teck paid us back some money so we don't have to dilute any further. Teck is drilling that would what cost us $20 million or at 60 cents? dilute us another 33 million shares? Teck will arrange financing on our behalf too.

So once production decision is a go, we have a FREE ride into commercialization. This is the biggest deal out of the JV. We live in a world where we have a lot of funds who wants to secure certain minerals and are willing to pay hundreds of millions for only a small percentage. Right now, we aren't paying anything. We can actually sell this interest for money instead.

Mahzman2, if you're truly so bothered by the way Elmer has treated the outcome so far and that he didnt go by the facts of what you think is best. I strongly suggest you to give him a call and find out yourself. Don't listen to any posters on this board. Call and find out from the source yourself.