this was brought up at the previous AGM. Elmer felt they, CUU, could not release the optimization and would likely never be seen by us shareholders or the market. But, CUU takes it to Moose Mountain and pulls all the useful data and updates the RE or a portion of it and that determines our full value.

The optimization release is not good for Teck if their goal is to keep our SP repressed. Another way to look at it is they know what we are worth and know what EE will accept and need to get our SP moving closer to it to justify a buyout to the market.

Either case, our SP needs to increase significantly from these levels in either scenario. All contingent upon optimization wrapping up. Maybe closer to year end after summer drilling.