Now , about our Company for what it's worth ... I'm thinking the drill results will be very good because Elmer knows his craft, he just can't say anything without official results. I think there will be a Phase 2 by Teck but we will not be a part of it. Elmer has indicated that most probably management will review the results, examine several what-if scenarios as to our value (possibly involving a third party evaluator) and run them by potential interested parties. Depending on the responses, why wouldn't we go to Teck with a First Right of Offer, giving them 60 days to respond. After that, if Teck doesn't bite, we are free to sell our interest at any time and price in the future with no further obligation to Teck. Will that stop Teck from doing a Phase 2? Can't see it, even although it would make us more valuable. They need to finalize the pit design, decide on the daily tonnage volume and get the EA approved, and then get on with building the mine if they want to be in production within 4 years. Nothing is getting cheaper. Time to bring in their partner(s) and get it going. They won't let our 25% interest hold things up.

Glad you haven't lost optimism, generaledger. I'd be curious as to your thoughts on the final value to the shareholder (i.e. buyout price) and the timeline. What's your best guess in light of how things have unfolded to this very day and with the macro picture for metals being so dim at the moment?