RE: Book Value vs Stock PriceIt's an exercise in speculation to try and determine a fair value or buyout share price due to several outstanding factors.
1) The resource estimate currently available is out of date and doesn't reflect reality today.
2) There are no new resource figures compiled to go by for a few months yet.
3) Summer drilling found mineralization to substantially enhance the original resource those numbers aren't available
4) Teck's buy in option is flexible and we have no idea if they will - most ass/u/me they will fully opt in or maybe not??
5) The wild card is a buyout of CUU by Teck or someone else (Managements prefers a buyout )
6) Depending on all the numbers when compiled and IF there is a buyout then you have to factor in a premium over the current share value yet still be at a discount for the buyer.
Suffice to imagine for now that a few bucks a share shouldn't be too high a value for shareholders.
There is also speculation about pre-feasibility buyout offers vs post-feasibility buyout offers. Everything is very much up in the air until some real numbers get tabled.