There are some are some unclear areas on the new website concerning the Teck agreement
Guess I would highly recommend that everybody might want to look this over, closely
For instance, under the projects heading, there are several headings for Schaft Creek
One of the headings is entitled Schaft Creek Option
It appears to be a well spelled out summary of the agreement we are all familiar with
At the end of that summary, there is language like this:
"The option agreement includes provisions for joint management and for dilution of interests in proportion to expenditures, including reversion of either party to a defined net profits royalty if that party's interest is diluted below a 20% working interest in the joint venture"
Don't know if I has seen that before or not, but I do know I'm not sure what that means
Further, there is no mention of the 4 year build out for Teck, nor is the operating joint venture mentioned