Thanks for the report, Sharp662.
I don't believe all of this from Elmer. His comments have evolved from the end of March and the differences probably point to the sort of progress that has happened.
From HayzToo on March 23rd:
They are working on the 2013 drilling plan right now. They anticipating getting started in May of this year. They are NOT waiting for Teck to announce their back-in option. They are developing the plan such that, if Teck takes everything, the plan will be logical for Teck to continue on with.
...and now:
But no need to announce a multi-million dollar drill program until Teck makes their move. Why spend all that money when CUU might not have to?