If teck buys us out the 80 million gets lost in the end price, however if someone else buys our 25% they would calculate the 80 mil. credit plus interest on the funds teck must arrange for our 25%. This amount would be part of any calculations in their offer. The end price would include about 20 cents/shr for the 80 mil. credit they would get, plus some consideration for the free ride [teck arranges the funds] and an agreed price/ilbs. in the ground, future potenial and other claims.

So the 80 mil. gives us approx. 20 cents a share.

R