Somehow I start to wonder if Elmer knows or knew where he was heading for:

- Why he did not drill the inferred part of the pitshell? He - a genious he is according to many- knew (or should have known) all along drilling of the inferred would have an enormous positive impact on the economics of the BFS;

- Why does everything takes so long? Is this because he has a masterplan that will bring more money on the table?

- Does he have a masterplan or is EE the puppet master who pulls the strings?

- Why would Teck back in / buy us out before a definite EA? For a relatively small amount of money (say 4x relevant expenditures) they have a guarantee that this project can proceed. Moreover combined with infill drilling and increased measured resources hey have a better story to tell to their shareholders.

- Are we drifting or on course to our final destination? Does our captain know where we are heading for?

I have been a shareholder since december 2010. This started as an investment but has become speculation. Despite all the positives of this projects and the pounds in the ground I am lost when it comes to understand the tactics and/or approach of this project by cuu management. I just have more and more diffuculties believing every action or ommission by management has had a purpose which fits in a grander scheme. Could it be that our project is just one size too large for our captain?

Why I ask this is because I think it guarantees for 100% that this project can proceed. Without this guarantee nobody is going to pay billions.... Of course it is possible to incorporate a suspensive condition with regards to the EA in the (take over / buy out) contract.

Tunnel vision, as a metaphor, may also denote the reluctance to consider alternatives to one's preferred line of thought; this could include physicians treating afflictions, detectives considering crime suspects, or anyone predisposed to a favoured outcome. I fear some (just very few) of us have a tunnel vision on the way things go right now with cuu.

I do have tunnel vision too but my tunnel is currently filled with fear. The only thing is is that my greed is stronger than my fear.... GLTA

Another way to see this: Teck shareholders will not be happy with the huge cost of buying CUU; even if the purchase is good for them in the long term, it will lead to a short term drop in their shareprice (buy outs almost always inevitably do). This significant increase in dividend sweetens the pot for shareholders and sends a strong message to them: Teck can afford to make a large purchase while not impacting the financial flexibility of the company. All speculation on my part, of course, but if I held Teck, this news would certainly help me when the shoe drops on the CUU purchase.

In general I have the feeling that everyone on this board is so obsessed with this investment that they think that everything Teck say or does is motivated by CUU. I find this kind of worrying ... Probably I am the only one on this board.

Long in cuu.

Webs/Shunswan (남장), always like reading your views. Hope to hear from you again as you always provide valueable insights and perspectives (on which we dont have to agree) as opposed to the blind cheerleading from the majority on Ag. So please drop us a line or two from time to time and share your blog adress please! Thank you so far and all the best!

webs/Shunswan, you are making accusations again (despite the "if"). One day this could get you into trouble. just sayin