"There's no way Teck is passing up on this, 40 year mine life just on Schaft Creek X 3 if they go down to 800m+ higher grades, then 20+ years for the Discovery zone, + Mike, GK, ES zones ??? How many years is that ? All Teck has to do is take 100%..... And their hand is soon to be forced.

Put yourself in Teck shoes for a minute....

By taking care of CUU now, Teck is getting this for free. What will this mineral trend be worth when ready to be in production....once built in 5-10 years, Teck can sell 25% for wayyy more then they paid :"

koala says:

Today, with the new JV agreement it is only going to cost Tech $84 million for 75% of CUU. Take into consideration what vette says above and you have to believe, that Tech, or another company through an ROFO.......... OUR 25% is going to cost somebody in excess of $500m to $1B. My guess is that Tech buys it all and sells a portion off later for multiples of their initial investment.