When we witnessed Cuu hitting 68 cents from 10 cents....

The general consensus was the buyout would soon be announced! Elmer certainly gave this impression through public interviews and investor reach out.

The huge run up (10c to 68c) nearly cemented this conclusion! I'm sure management has this intention in mind too with the final "selling" document being the new pea (2021 vs 2013 report).

When the numbers were not quite what Elmer wanted to see, he realized the optimization or project enhancements would add further hundreds of millions, so the extra 1-2 year wait was worth it in his mind. Fast forward today, I'm sure the new value from 2021/2022/2023 programs is closer to board expectations for an exit value. It is what it is! We are definitely closer to the buyout now.