Also, for direct expenses, we (CUU) don't get 4 times the money or actually get repaid any money. It is the minimum amount that Teck must pony up with on good faith to get things started on a mine. We get no cash.

No we don't but that money we spent doesn't "disappear" as it were in a buyout. It's counted as "We would have had to spend X on your portion anyway". Essentially, we should get all the money on direct expenses back in value. They mitigate their downside. That's the point of the agreement, no?