The optics of Teck walking away would have sent our SP to a couple of cents. How much dilution would we be looking at if we needed $60-100 million to further develop the property into something sellable? maybe another 800 million shares? The cut down your buyout per share valuation by a factor of three. And, how many decades would that take?

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Surely our SP would have dropped from the dollar range we were at, but there still is the Positive Feasibility Study - that is proven value and I don`t think we would have dropped to a couple of cents IMHO. It was somewhat conservative and able to stand up to scrutiny I think. If we are to believe in the pounds in the ground, how could we have a turn-key property with power, port, FS (100% of it, and Teck`s Liard) and 80+ million in sunk costs be worth 2 cents...

On one hand you are saying we need 60-100 million to make it sellable. We only spent 80 million on all the work done previously. I think the recommendations in the FS were more tweaks and proving up the waste and optimizing. I can`t see that taking decades or funding like that.

On the other hand, the 4000m of drilling last year was `successful`and the 2.5 million they are spending this year may bring us into a sellable position.

Do we need decades and 60-100 million to make it sellable or is a few holes to prove up the waste and some simple optimizations and recalculations on the pit all that is needed.