"Bankable" Feasibility Study Hi Folks,
I'm trying to understand the conditions that would trigger the 120 day timer for Teck to decide if they want to exercise their earn back option. From CUU's most recent MD&A:
Teck’s earn back option to acquire either, 20%, 40% or 75%, of Copper Fox’s interest in the Schaft Creek project is triggered upon delivery of a “Positive Bankable Feasibility Study” (as defined) to Teck after which they have 120 days to make a decision.
The words "as defined" troubled me so I sought out the definition and figured out that this is found in the "Teck Option Agreement" dated Jan 1, 2002. I have not been able to find this agreement and was wondering if anyone had access to it and/or could provide the definition of what a BANKABLE Feasibility Study actually is.
Thanks!