As a long time shareholder, believe me, I understand this frustration.

But, in the case of SC, Teck is paying so Teck drives the bus. We are simply at their mercy, with a piddly $500K minimum annual spend built in to the SCJV. Teck can further play with the numbers on their side if they like, e.g. staff time $ allocated, to hit that minimum and pull the wool over CUU. And so it goes with timelines. Teck is moving at their own pace, on their dime. Elmer is probably passing along the timelines he gets from Teck, not much else he can do.

While it IS a huge advantage that CUU isn't footing any of the bill on SC....the downside is serious, in that Teck moves at their own pace. Teck's motivations were to starve us out for the first few years and see what they could get. Why not? How deep were EE's pockets and what was his desire to ride it out? Since covid, other bigger pieces have now aligned in CUU's favour so my sense is the starvation has changed and has come to an end. I think this was agreed upon as far back as the 2021 PEA and how that came together. Teck signed off on it and the numbers and has basically done what the PEA recommendations were to advance to the next stage gate. They spent large in 2023 to get to this point and I agree with FFoxie that there is a gentleman's agreement in place to do the deal with revised numbers on these latest results. Elmer has to posture that the CUU Board will "take a look at the 2024 program" as part of his fiduciary duty to CUU shareholders but getting the $ from the SC sale at a reasonably fair value will enable CUU to unlock even more value from their pipeline. Doing this kind of deal with Teck may be part of a longer game to sell more than just SC to Teck or do another JV with Teck on another property like EH (hopefully structured with lessons learned).

Waiting patiently for big good news this month. Still early December in my books.

My $0.02 CAD

K