Initil capex included $374 million in contingencies and the sustaining capex included $200 million for BC Hydro.

To me 75% seems like a no brainer compared to 40%.

at 40% Teck must spend $255 million, (153 million for CUU, 102 million for Teck).

at 75% Teck must spend $340 million, (85 million for CUU, 255 million for Teck).

Teck can get 35% more for 85 million and the diiference in Teck's pocket (40% vs 75% ) is $153 million.

The money Teck would be spending on Schaft Creek would just make CUU more expensive down the road. They would unlock alot of value.

All I'm saying is that imo, 75% is the best option for Teck after a buyout of CUU.

Teck also need that power line, CUU would be on the agreement with BC Hydro not Teck.

If Teck takes 75%, I'd be even more excited about a buyout / bidding war. We would get more than a Teck offer and it would happen pretty fast considering the competition and ''free ride'' opportunity for other majors who jump on it 1st.

But will Teck let that happen....no so sure.