Hi,

Originally posted by MoneyK (Thanks again for this!)

https://www.youtube.com/watch?v=VSxKZwG_IpE&t=1667s

Just watched this again, wanted to share the part of the dialog that stood out to me. Starting at 25:40 mark...

"...If you are going for juniors that have farm outs, look for Carried to Production deals. The market does not give much value to the minority partner if they have to end up paying their share of the future ongoing expenses...and if you've got a major that's great you know they can take it all the way but you know they will also be brutal in the way they flow the information out and the decisions they make to undermine the ability of their junior partner because they want to clean them out at a very low valuation when its convenient for them to do so...."

They state how the wait can be excruciating but during this wait the initial valuation of the junior can plummet and the real deals can be found in the trough while all the work is being done on the project. A variation on the Lassonde curve if you will...and only for real discovery plays mind you.

So Teck couldn't clean out EE, he kept the lights on...and CUU scooped up some other properties to add value while they waited with everything being carried by Teck. I thought this worth reposting. Thanks again to MoneyK for the original post.

This investment has certainly tested my patience, but this part of the video helps explain Teck's starvation strategy. Let's hope that the planets are now finally aligning and they drill everything with $ from the Schaft deal and sell VD in short order as well to reward us long standing shareholder/sufferers.

K