We basically got the money we invested.
I think what he's saying here is that through the JV with Teck we got back the money we spent on the exploration--so around $90 million. This is through the three staged payments of $20 million plus the value of the work Teck is doing now, up to $60 million, before we would be required to contribute funds again.
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.
Here, I think he is simply saying that if the optimization studies work out we'll get those later payments because Teck will put the project into production.
He's not talking about any amount gained by selling our share of Schaft Creek, he's just saying that from this point forward if Teck chooses production we don't spend any money and we get our initial investment back and we own 25%.
He's talking about the JV Agreement contract and what it gives us, not the future sale of our share.
