Teck is going to get a fantastic deal, regardless of how much they end up paying for CUU. Basically, with the back in option, they get 75% of SC and adjacent properties for next to nothing; so even if they have to pay a seemingly "rediculous" amount of say $4 B to buy out CUU; it's a steal for Teck!

We will find out soon enough, but my guess is that SC and the surrounding properties are worth a NPV of at least $8 - 10 B and Teck can get it for less than half price. If Teck sells it to their SH's and the public properly, its sp should go up with the acquisition.

To conserve cash, most likely we will be paid at least partly in TCK shares, which is fine! JMO GLTA!