Prospekt. I was under the impression based on Elmer's own words that Elmer is waiting for a much stronger market before selling. Regardless of what other events transpire as far as drilling goes, do you think the metals markets have improved enough or will improve enough for Elmer and EE to be willing to sell as early as late summer of this year?

Well, no, I don't really think the metals market would have improved significantly in that time period.

I thought what Elmer was saying was that they needed an improved market before he would submit a FROR to Teck. He's kind of hampered by the fact that he has to have a third-party valuation of the project that meets, or exceeds, EE's buyout price before he will make that move.

Teck, on the other hand, has time pressures that are unrelated to the price of metals. I'm not saying this is fact, just that it is possible.

If Teck is keen on getting this project into production so that they benefit from the next upswing in metals prices then they need to get going now. At this point in time they might also benefit significantly from depressd prices for capex because costs have come down and there isn't as much competition for the materials needed, or things like trucks, etc.

There has to be a tipping point at which Teck knows it wants to go into production and is ready to buy us out before they can proceed any further without sending our stock price skyrocketing.

It might hinge on someone else coming forward to work with Teck who is ready to put their money into buying us out. It might have something to do with GC. (They're not drilling there at all this year.)