What about the interview where Mike? says he expects Teck to take 20%.
That would be great, but they can get 75% for almost nothing. So they take 100% to get rid of the CUU agreement and sell 80% to the partners of their choice.
Mike has always stated that he thinks Teck will take it all or at least the 75%.
But if Teck would take 20% that would be amazing leaving us with 80%, And seems the serious equity partners are up to date....I like that.
''Based on a past deal, Mr. Smith suggests that Teck may aim to acquire 20% of the project become the operator, and be amenable to equity partners, which could be Asian. Mr. Smith cites the Antamina mine, where BHP and Xtrata each have 33.75% interests alongside operator Teck’s 22.5%. He states that all serious potential equity partners are informed of the project’s status.''