question re: buyback percentages It's been so long ago I've forgotten the answer to this question:
At 75% earn-back Teck has to expend 400% going forward of what we've already paid out (~$85M as of end 2012). What are the payback and expenditure percentages required should Teck decide to earn back in the @20% or 40% levels? Does that require a simple 20% or 40% payback of CF's expenses to this point and then a simple 20% and 40% of future expenses going forward? Or is there a multiple at those levels as well? TIA...jt (bought first shares back in '06).