" But first they are waiting on the drill results ( these analytical results will be released in a NR)then the metallurgical testwork have to be done. They expect this will add significant value to the project. After receiving this info things will start to roll. "

By commissioning the PEA themselves, CUU has the modelling spreadsheets that Teck has now signed off on. As a result, simple changes to recoveries and metallugy (e.g. new mineral) can presumably be input into the model and new valuations derived. By having Teck agree to all the numbers and models this could be done and fairly easily add value. Worth the wait IMO.

Same holds with changes to metal pricing, FOREX, etc.

K