Mudguy
If the back-in right is not exercised, and at Teck Cominco's option,CFM shall grant Teck Cominco a 1% net smelter royalty or, if CFM has assigned the option agreement to a public company whose shares are listed on a recognized stock exchange, shares of that company having avalue of $1,000,000.
As for the silver thats a good question.............tough day out there looks like the dollar call is in the cards.