"Here`s my thinking on whether Teck would walk. Imo, I think the possibility of that is next to zero. Even if they think the grades are still to low ( very unlikely as the BFS has demonstrated it is economical with 1/2 the deposit ) the worst that could happen is they back in for a percentage - most likely 40% and at least spend a little 10-20m to firm up the 171M tons of waste and drill the other areas of potential interests.

There is nothing in the back-in agreement that saids they have to spend the entire 252M (back in agreement at 40%). They only have to spend that much if they want to retain their 40% interest. If they at least spend enough on 1 year of further exploration they could then decide if it is worthwhile to continue or walk away. With what is known to date about the titans, mira and exploration drill holes that has hit mineralization in the Discovery zone wouldn`t they want to take a chance this district could host enormous potential for higher grades and perhaps a bigger deposit? What is spending another 10-20M to Teck?"

cbew: IMO I doubt Teck would walk either. If that was on their agenda, they wouldn't be spending so much time with CUU in the past or presently. However, when you talk about proving the mineralization in the Discovery Zone, that it is indeed an enormous potential higher grade and perhaps bigger deposit, can CUU really use the $252M for the 40% interest from Schaft Creek buy-in on other zones other than Schaft Creek?