Good point but we are not sure if anything is taken out of context.
The question was since the initial arrangement what has CUU accomplished at SC?
It went on about how originally it was suppose to be a small investment. Then it went into getting everything ready for a miner.
Then MS said the earn back money will be impossible, money used for infrastructure would be preferred.
Then it goes into this...
Money would be better spent on infrastructure down the road. We came up with a deal as we revised our contract for Copper Fox to be carried 100% by Teck; we do not have to spend another penny on this project for any reason.
We basically got the money we invested. If things work out on the optimum side of things we will pretty much get our entire investment back from the original funds we spent on it.
It's funny how it just goes to "We basically got the money we invested."
I don't think EE would like that knowing he didn't make any money.
Realistically, it could just mean, we got 25% from this project, original funds back, and we get to be taken into production by Teck.