RE: RE: question re: buyback percentages Thanx, brundall...
So then the multiplier
at 20% is 2.5X FUTURE expenditures (ie, they'd be paying out at the 50% level for 20% of the profit),
at 40% is 3X (75% Teck vs 25% CUU),
BUT,
at 75% it is 5X (400%) PAST expenditures (roughly $425M so far), and that would be paid out in future expenditure BEFORE we'd have to put in another dime, right?