It is hard for me to imagine Teck getting burnt again in a deal like this

They had to have been of the opinion that CUU would simply expend energy and find nothing of particular note to have structured the original deal as they did

They certainly know better this time and will not offer a participation deal to explore where there is known mineralization of potentially huge proportions

I can't see it

If they can lock up the Copper Fox interests, including their claims for an extra billion on a buyout, I have to think that will be their objective

It will be cheap at that price, based on preliminary data, and they know it