"The studies will be conducted internally by Teck and outside consultants will be retained if and when necessary."

The biggest downside to this statement is that Teck will conduct this INTERNALLY. Will CUU be privy to all the data and work being completed? It doesn't sound like they will be if Teck is working on this themselves. So what is the big problem with this??

Well, Teck can continue improving the economics of the project and have immensely greater valuation calculated internally but the market (and CUU) will still be left with a pitiful BFS to shop around for buyers. In essense, Teck has CUU by the B@lls for the near future. No wonder Van Dyke is being pursued actively, because as of right now... 2014 will be a write off for SC buyout chances.

Additionally, it was reported that Mike does not expect Teck to buyout CUU's 25%. So how will Elmer be able to shop around for fair value when Teck holds all the cards?

As of right now Van Dyke is the project to look forward to, thats why the CUU webpage was changed. So for expectations, the Van Dyke drilling news is the only real development to expect for this year.

Is this all crazy talk, or does this make sense?