The Real Options case in the Feasibility Study stated that the Net Present Value of Schaft Creek was $1.382 Billion using an 8% (which, based on current rates, is not unreasonable)discount rate. The FS was very conservative and did not include many things e.g. waste, much of the land etc

According to Agoracom, CUU has 403 million shares issued.

Therefore:

25% of $1.382 million = $345.5 million which, divided by 403 million shares = 85.7 cents per share - which not only represents real value delivered by management to date but is also significantly more than the current trading price of 56 cents.

I think current market value is more representative of liquidity event disappointment than real value of CUU assets.