Agreed Gordy, this is a big deal, because I don't see Teck buying us for 10 digits just to sit on us indefinitely (unless they sell a large chunk to a partner and wait if global markets tank). I still think Teck is going to buy us out, but as you say, this is a very big deal and the due diligence has to be top notch and leave no stone unturned.

Remember how hard it seemed, or how long it took, to get silver into the revised RE? Wondered if they were even going to get it done, but in the end, guess work was not enough and it had to be redone to whatever standards were deemed satisfactory.

On valuing the back in lands, some folks I've talked to who have dealt with this type of scenario before don't really think it's a big deal. I recall a few reports of people's conversations with Elmer where he didn't think this was a big deal and it would be dealt with on a pro rata basis. I guess we'll see. I've never followed any company this closely or gone all in like this, but still feel like I'm wildly guessing on a backin lands valuation, so I hope to learn a few more things when this is all said and done. Hindsight is going to be very, very interesting on this one but it's a pretty unique situation in some respects (i.e. the back-in terms which force Teck's hand combined with CUU proving up a massive deposit because of EE's seemingly never-ending deep pockets).

Enjoy the long weekend.