The 2008 NPV @ 8% was 2.76 Billion (using 2008 cost and metal prices and resource)

So Teck get's 75% of 2.7 Billion....ok what's left = 700 million for CUU.

700 million $ / 379 million shares = $
1.84

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But wait...Teck does not just get 75% they must pay 4x expenditures and finance the mine up front....

Let'.s just use the expenditures:

Now Teck backs in and must put in 4x expenditures.....so let's say 300 million $

700 million + 300 million = 1 Billion

1 Billion / 379 million shares =
$2.63

* If the market is giving us credit for just 25% then we should be minimum minimum minimum 2,63.  Funny how Stifel's avergae was 2.40$.
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Now again...this was using :

* 2008 metal prices
* 2008 costs
* 2008 resource
* 2008 daily milling rate
* No ''high grade starter pit''
* No new zones and extra value $$$ for potential...
* No value for Teck financing and partnership
etc etc etc