Purchase price is closer to $1.6 billion Canadian (without contingent contribution considered).

Elmer believes SC is a great asset than QB2. So we have reason to be hopeful of a great return on investment.

This is great news today folks! The market was not expecting this kind of premium pricing for QB2. Most financial watchers expected the number to be from 600 to 1 billion dollar sale.

Here is what is really interesting in the economics of QB2. Teck interestingly added a "Sanction Case" for the project incorporating the inferred material as generating revenue from its ore. You think they will do the same thing for SC for its new technical report? That should be the case if Teck is willing to do it for this project.

The QB2 project has a 28 year mine life and includes 199 million tonnes of inferred resources within the life of mine plan. The majority of this inferred material is not scheduled to be mined until late in the mine life and is displacing lower grade economic material within the pit. Teck refers to the planned development of the QB2 project that includes these inferred resources as the "Sanction Case". Key information regarding a reserve-only case is included in this news release for reference. Inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserve. Inferred resources are subject to greater uncertainty than measured or indicated resources and it cannot be assumed that they will be successfully upgraded to measured and indicated through further drilling. Based on Teck’s understanding of the deposit and history of resource to reserve conversion, the Sanction Case is regarded as a realistic and financeable development plan.