Without Van Dyke all our hopes were placed with Teck, and they are not doing so well themselves these days. Australia just signed a free-trade agreement with China and that means their metallurgical coal is not subject to a 3% tariff, like Teck's coal. The same goes for their copper, etc.
Back when we used to say our share of SC could sell for $4 a share, or thereabouts, the Teck stock was sitting at around $60. Now, with Teck under $17, that $4 is almost a quarter of Teck's share price.
If we are forced to wait another year for a Teck deal then at least we are diversified with CUU to the extent that Van Dyke with a PEA should allow us to JV the project, or outright sell it to someone other than Teck.
SeekingAlpha's "analyst" has a lot of nerve to waltz in after many negative articles to say they "completely ignored" VD in the past and what a "positive surprise" it all was. What a lazy analysis. I thought this comment was funny as well, "As the company was able to base its exploration decisions on historical intercepts, it was in a very lucky position to fast-track further test work on the project." Anytime anything good shows up it is surprising and lucky. How about the company planned to buy a project that had historical intercepts and knew that the amount of test work required to get to the PEA was minimal compared with the upside?