Yes true. Anything can happen. Both good and bad. I would be interested to here your worst case scenario?
Worst case....you'll be disapointed. Worst case from all winning possibilities.
Back in 20% Teck must spend $90 million (enough to prove up the Paramount and more + enhance economics of current Feasibility pit) we then get to sell 80% & possible bidding war. WIN
Back in 40% Teck must spend $270 million (enough to prove up the Paramount and more + enhance economics of current Feasibility pit) we then get to sell 60% & possible bidding war. WIN
Back in 75% Teck must spend $360 million (enough to prove up the Paramount and more + enhance economics of current Feasibility pit) And must finance CUU to production, we then get to sell 25% & possible bidding war. WIN
Teck takes 100% Win
And finally ( I can logically deduct that this won't happened at this point, but just for fun, Teck takes nothing, We get 100%, CUU can (for example) sell 20% of the pie and finance drilling, we get to sell 80%. WIN (just as good as the 20% back-in)
Again this can be about just Schaft Creek or the entire district & possibly include Arizona.