Thanks sydneyb.
I understand that we have a lot more information coming.
But to I want to value CUU as conservatively as possible. Therefore I used information that's public and was annouced by CUU themselves.
Because we don't have any other information on how CUU or Teck is going to develop the mine or any other information, I don't believe we have enough data or info to calculate how much CUU is worth. It would end up being speculative and bashers would bash us for being too bullish on it.
We don't even have a revised RE for silver yet, so I end up using the old numbers of 2008.
And that's why I stated the potential upside in CUU. $1.75 is really the bottomest price for me.
AND I am prepared to be blown.....by CUU.
lol