Those options that were extended were the only ones where other people besides EE were given the chance to buy into the PP. I'm sure that's why they were extended when many others weren't these past two years. However, it still seems reasonable that they thought the $1 would be in the money by this point in time.

I think the reason they didn't put that money into buying back CUU shares is because they want the projects for their Desert Fox story. After Schaft Creek goes they want a number of projects on the go so they can launch their IPO (however they do the spinoff) with some assets. It wouldn't do them any good to just reduce the number of shares outstanding in CUU after SC is sold.

If you look at the presentation they've now got Van Dyke, Sombrero Butte and Carmax Mining. They're still looking for something else to buy or invest.

Remember the Moose Mountain project that I think might be the valuation of our share of SC? That should be ready to go this summer and then they could be on the market. They need the Van Dyke results or another purchase to beef up the Desert Fox shares afterwards.