Lots of undervalued stocks right now and we are one of them. I still think $2.50-3 is an absolute minimum so am not worried about the end result. There might be lots of upside beyond this for the variety of reasons people have pointed out ... however, risk management would suggest that we take a look at what we're worth if copper goes down below $3/lb. Still a good profit to be made in that scenario I believe.

I've been waiting for the imminent Teck back-in since last summer ... so have adjusted my timing expectations and am prepared for this to end tomorrow, or end in early 2013. I took about 5% of my holdings off the table during the webcast - I didn't hear the urgency I would have liked to hear. I wouldn't have sold a dime if I wasn't leveraged in a few places right now and needed some cash in hand. Still believe this is a great play and is going to make us all money - I've found ways to add the last 6 months when I thought it impossible (looking under the couch cushions ... almost).

The track record of the BFS being delayed from late 2010 to the present day however, makes me think that anything is possible. I can see end of September for the BFS, or the sneak attack next week. The thing is, I just don't know, and can't tell what the CUU strategy is. So now I'm in a more comfortable position with some cash in hand and a nice position still that will have me grinning for weeks if we get a $5-6 buyout or more. To each his own, and do your own DD.