It's not unusual for the large mining companies to take an equity position in juniors with promising projects but Teck already has the existing option agreement with CUU, which is also a barrier for other companies to participate in CUU. The HDI website shows a developer as a company that brings projects to the feasibility stage, which appears to fit with the CUU business model. I've read the suggestions about carrying on with the EA, build a road, announce a drilling program etc. as potential uses for the recent PP's or putting pressure on Teck. My interpretation is that CUU is preparing for life after SC. They've delivered the PFS, Teck must make a decision, CUU is looking to monetize SC. The uncertainty about timing right now may come from the fact that any option selected by Teck management may be of sufficient monetary value that they require BOD approval before approaching CUU with a back in/buy out. The BOD doesn't meet that offen and you have to put this project on the agenda. CUU has reached the end of road in it's present form. They have little money to develop other properties and too many shares out. Either Teck buy thems out or, if the price is not right, someone else will be given the opportunity.
