RE: more concerning to me (not worried about the whole premium rubbish. Teck won't overpay. Everyone knows that.)
CUU doesn't have to accept anything. We all know Teck will at least back in 75% since the resource is free.
CUU will get a bidding war going for the remaining 25%. Plenty of majors would want in knowing Teck is financing and putting in 340 million including enhancements.