That's why we've probably paid for a valuation by third party already. Elmer won't say if it has been done and might even have to deny it right now. For them to have a Fair Value idea (see the MD&A re:warrants) they would have to have an idea what the project was worth without Teck. Yes, those are listed between 20-30 cents. This portion of the valuation is done. They can't pluck numbers out of the air. No, those prices do not take into account anything other than the current cash statement.

I just popped in for some lunch and to read the board. Funny that the MD&A is not getting a raking.