Teck paid CUU $60 Million cash to do what they want + spend up to another $60 million on exploration = $120 Million + they pay back the port and land fees.

+ secured the loan for mine dev and construction without diluting their 25% like BAj did.

It took CUU 8 years to spend $89 million (mostly used on resource estimates, Feasibility, Lawyers, Environmental studies, salaries, etc).

Out of the 4x expenditures, 3x was coming back to Teck (75%). They gave us our due $85 Million. They would never have spent 4x expenditures on exploration. We'll be long gone.

Like the ''expert'' analyst that got caught offf guard said:

“To the company's credit they were able to get a joint venture done,” he said, noting Copper Fox did the deal during a particularly rotten market for juniors.''