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highfive · 03-31-2011, 03:33 PM

^True but I doubt Teck would back in for 75% only.

Currently, CUU has spent $57 million. This is as of Dec. 31 2010.

If Teck buys in, they have to contribute $228 million subsequent expenditures.

If it's 75%, they have to arrange financing for CUU's share too.

CUU's market cap of 700 million or so, I'm pretty confident that Teck would want to buy us out before any other improvements are in place since it will increase the value of CUU even further.

03-31-2011, 03:33 PM	#3619
highfive I contribute to threads in the offtopic forum Join Date: Nov 2006 Location: Vancouver Posts: 2,945 Thanked 1,123 Times in 533 Posts Failed 71 Times in 38 Posts	^True but I doubt Teck would back in for 75% only. Currently, CUU has spent $57 million. This is as of Dec. 31 2010. If Teck buys in, they have to contribute $228 million subsequent expenditures. If it's 75%, they have to arrange financing for CUU's share too. CUU's market cap of 700 million or so, I'm pretty confident that Teck would want to buy us out before any other improvements are in place since it will increase the value of CUU even further.