RE: RE: RE: FactsMalakijoy,
Yes Teck could just buy back in and sit however that is what the 400% of CUU's expenses are supposed to avoid. Teck has to commit over 220 million (assuming 60 million cost) to advance the project immediately after buyback. So hopefully 220 million is a big enough amount that they wouldn't want to just park somewhere.
Positive Feasibility studies in safe development areas don't get completed everyday. Some companies spend hundreds of millions just to find out they are denied a permit. (See taesako) IMO Teck will buy back 75% and has two options. Either develops it or sells it to someone who will. How attractive would a Feasable mine be which has 40 billion in metal, 220 million in cash and all permits/roads in place? (assuming it all comes together)