"So, if Teck comes back and offer us a percentage of 20, 40, or 75% we can just reject the offer and sell to Mitsubishi." Liddy, I am really surprised that this comment is coming from you. I felt that you had a strong understanding of how this arrangment works, well as strong as an understanding as anyone can have. Anyways, CUU cannot reject the earn in percentage. If Teck says they want 75% they get 75% but only after they fufill their side of the agreement, that is spending 4x the expenditures. . The only thing CUU can reject is a full 100% buyout. Apologize about the formatting. On my iPhone.