Quote:
Originally Posted by blkgsr
what you bolded is exactly what i said....teck can only back in for a max of 75% of the PROJECT, NOT of the COMPANY
them buying out the COMPANY would be a whole other deal...not just 75% of the PROJECT
BIG difference between the project and the company (well maybe not since shaft creek is their only project) but still two very different things
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My bad, I went back to look at what I was trying to say.
I'm just saying once the FS is out, the 120 days kick in.
Teck has the option at that point to buy back in 25%/50%/75% (max).
Depending on what Teck does, CUU may end up having 25% to 75% interest.
Or Teck might just want to buy out CUU completely instead of just retaining 75% interest by paying $200 million and organizing the financing for CUU's share as well. IMO, why would Teck do all the work in putting the mine into production and giving CUU a 25% interest at the same time?
Sorry I wasn't clear. haha