For me, I've always been long this stock and will still continue to hold. Like some on this board are hoping, I'd love to see good drilling results and determining if a buyout is on the horizon. However if it takes more time in order to prove CUU's share worth, I will wait.

The purchase of the Arizona properties did not excite me but rather it intrigued me. While I thought that dealing with schaft creek should be the main focus, this purchase signals to me that CUU insiders were seeing the end game to schaft. CUU could have envisioned being bought out by Teck and part of the deal would be to spinout a NewCo. NewCo may have arranged some cash to invest in Arizona and old CUU shareholders would have a new stake in NewCo. Speculating, I would think that this would have happened if the buyout amount was satisfactory to the insiders but perhaps it was not.

I think there is an asking price out there but clearly this is not disclosed to us. Again speculating, I think Teck believes there is too much risk to pay CUU's asking price today but if or when they prove these resources, the risk will be reduced and Teck will make the final call to monetize CUU.

IMO - Calvin