Where is that resources at as far as development? Is it equivalent for jursidiction, environmental risk, etc...Is it apples to apples?
Given that evaluation, it could be realistic and gravy at the same time to have Teck take that 1.2 Mil they will be getting from Waneta and put it into us....then sell a portion to fund the mine building.
That said, Elmer has told me numerous times that his ideal would be a Teck share payout as that would serve investors best with regards to taxes. Eventhough this would be closer to half the evaluation above, I would personally be ecstatic to do a 20:1 Teck share.
I know many of you share the same sentiment....I am so eager for some good news on this investment...a buyout ideally, but sale of VD would also be a good start...