Forgot to mention in last week's post that I questioned Lynn about the shareholder circular earlier this year that said of CUU's desire to "monetize Schaft Creek in 2014". She took a bit of a breath on this one and said that of course they want to get this done in 2014 but if presented with an offer from Teck that their review of such an offer may take them into 2015 before Schaft could finally be monetized. The JV negotiations took 6 months so who knows how long negotiations could take for an offer from Teck now. Could be less but who knows.

Here's hoping the delayed JV meeting provides some solid information on the optimization studies and initiates these next steps of the "monetization". I still don't think we'll know what the results of the optimization studies are - we won't find out until after the Teck-CUU JV is bought out by Teck, possibly with a partner. Then the Teck/partner JV will be announced and Teck will announce to the world what a wonderful deal this was for its shareholders.

K