Well look at it this way, CUU is selling a starter mine on a district. The agreement with Teck sets a timeline for Teck to start construction (the 4 year clause). No EA cert, no mine.

Unless Teck believes the EA is very likely to be accepted (which I think it will and they do) Teck would just be buying well researched resource and a mine plan.

It may be a moot point to Teck if they fully know the standing of the EA application and believe there is little risk of it being delayed or rejected but until an EA cert is granted by the province it is money out of our (shareholders pockets). There has been a lot of money and time spent on the EA and it would be a waste not to realize value for it.

The certificate is in my opinion more valuable then the 191 mil tons of waste being converted to reserves. It is the final major step before a road permit or mining permit can be issued. It is the step that says "yes you can build a mine here".

Again, so long a Teck believes there will not be problems with obtaining a certificate we should get paid for it but I certainly don't know what Teck knows or believes.