Excellent summary post RW. I agree that $5.00 is a good guess as to the minimum payout we should be expectiing at present. Before Monday's news, I beieved the same but had knawing doubts. Things just didn't seem to fit. Every time management was questioned they appeared relaxed and confident when discussing the 2011 drilling results and the size and grade of the resource, but when asked about timing of the feasability study and why they expected to have it done before the revised resource estimate they appeared less confident and merely repeated the anticpated dates. Frankly, I had some concern that the buyout price might be lowballed by Tech initially and we would be involved in a battle to obtain a reasonable price with an effective PR campaign on this board and others attempting to drive the price down in the absence of a feasability study incorporating the latest and best drill results.
With the new analysis provided by Webgogs and Vette's continuing ability to instantly find prior information to counter new attempts to find problems with CUU's situation, It is going to be very difficult to find a way to sustain any sort of coordinated attack. Nothing is a sure thing, but I feel a lot more confident that things are progressing as they should than I did last week.
Rip
