but that's over a 10x valuation of current share price and many hundreds of times above the average buyout premium in the commodity mining space.

I love how you like to use "current share price" to value CUU. Pls look at LVN, they are trading near their cash value. So what is the market saying about their Codero project?

It's simple, if you want to buy CUU and their interest in Schaft Creek, go to the market and buy as many shares as you can. You know what? Insiders hold close to 65% of the outstanding shares. See how high the SP will go when you only have so little to purchase.