I learned something new today:

After a 75% Teck back in, CUU and Teck must form a JV.

A Schaft Creek development program is then decided (Teck pays for everything that has to do with Schaft Creek, even exploration)

Here's the good part:

Once Feasibility is released:

CUU receives all the VOTING shares (because they get the Liard shares). CUU can make all the decisions, call all the shots. Teck has no say. (they have no voting shares)

Here's teh part I didn't know:

Teck must earn 100% of it's interest and spend all the money (250-300 million) before they get to say anything.

Even when Teck becomes the operator after earning 40%..CUU i s till the decision maker until Teck earns back 100% of it's 75%.

(And on top of that , they have to do it under 4 years)