YM, 

In 2013, there was about 400M shares in the float.  So in case of a spin-off + buy-out let's say (e.g. 800M), today that would give 2$ per share.

In 2020, unless some warrants expire, we will have about 550M shares in the float.  Same buy-out would give 1.46$ per share.  However, I think Van Dyke is coming to a point where it could be worth another 0.50$.

Not sure a spin-off now would be a good idea.  The spin-off company would be worthless in this market and regular shareholders would be massively diluted in no time, loosing all the value for the work done over the last 7 years (especially Van Dyke).

The best solution right now, in my opinion, is to sell the main asset, consolidate the number of shares and keep (e.g. 20-30M) to finish Van Dyke, drill holes in the oher properties and build solid reserves for the next copper bullmarket.

MoneyK