Ernesto would be getting his money back so he never lost anything BUT would also get say a 10 to 1 share of Teck shares...or what ever Teck might do.

Of coarse this is my opinion......but to me is makes sense.

Teck would be getting Schaft creek cheaper yet on the money end of it. Then Teck could find a partner for the mining end of Schaft Creek.

Ernesto could sit back and wait for Teck shares to climb and then get out when he sees fit. His money would no longer be tied up. He gets his money back .....with Teck shars in hand