Schaft is worth the same today as it was when CUU was trading over $2.00 the copper has not gone anywhere. Of course there is going to be more drilling at Schaft, there will be more drilling there for the next 50 years.
Managment have prepared the BFS and will be giving it to Teck, after that the money spent will be coming out of Teck coffers with no more dilution. Let Teck spend the money rather then CUU pump millions more dollars into the ground if they are coming in. If not then CUU will have the deposit which can be easily spit shined in one season complete with a finished EA application and road permit to show to potential partners and there are a lot of them out there.
The point was to get a BFS in place so Teck could make a decision and that is done (give or take 40 days).
One other thing as an aside, I would expect that CUU would retain a financial consultant to review any offer made by Teck especially with such a large insider position. Not having an independent evaluation opens managment to a great deal of liability from minority shareholders who, if they had the resources, could claim that the deal was not in the best interest of minority shareholders (who have a higher average share cost then EE). Until Teck makes an offer CUU can not react in any way.
And so we wait...............
