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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: "UP TO" a total of 400% of expenditures
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'The big problem is that would leave CUU with 25% of a fully financed mining operation with little or no further expenditures and CUU would be free to sell this "free ride" to anyone they want....'

this is exactly the point. Any qualifying expenditure from CUU from the PPs is not wasting money. As Teck have to spend 400% and CUU get 25% this means CUU will be getting 100% back in value.

good call

bbay

Oh and good call on the contract clauses too metacomet

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