Teck would still "earn" them back.

As Teck is earning back , they are spending millions, thus our value goes up.

So here's how Teck is looking at this:

Is buying CUU now with no money spent on it cheaper VS spending 400 million on it + capex investment.....hmm

Spoke to Mike:

* Once Teck elects an option, even if the 120 days is not up, we can start taking offers and get a bidding war going.

* 4 year clause: It's a goodwill clause / anti mothball clause that they don't think they will have to use. Once they elect, Teck must spend money and can't just sit on it for months. If Teck didn't spend any money for 1 year the judge would say...sorry buddy.

* Once CUU gets the permits, to a miner, this project doubles in value. The road permits signal that you have a done deal. the road permits will be coming at the same time as the EA application.