Now that 477 Million (converted) for 5-10% of Shaft Creek provided if they invest the whole amount in CUU ,sure doesn`t buy much.

Forget about the amount. if they need money they can get money. The point is what they're looking at (new copper projects) why (competition for rare resource and nationalism) and with who (Teck)

Mitsubishi (Japan) is the one that put in 900 million for 18% of Quellaveco.

From the same article.

''A scarcity of high-quality copper mines globally promptedMitsubishi Corp. and Mitsui & Co., Japan’s two biggest trading houses, to pay double the original valuation for stakes in Chile’s Anglo-American Sur SA in separate deals in 2011 and 2012. Resource nationalism, or state demands for higher taxes, royalties or stakes, was the primary concern among mining executives in 2011, replacing capital allocation, Ernst & Young LLP said in its annual risk survey published in August 2012. ''