Same goes with 4x expenditures until tonight I believed in it but with further thought an questioning if it really matters, if teck wants in whether they have to or choose to that money will be spent regardless of our agreement. Can someone show me value in that other than we would control a little longer and maybe say where that extra money goes?
Huge value.
Think of it this way.
I own 25% of a house, you own the other 75%.
But you must spend 2 million on upgrading the house, marble floors etc...
So by you putting that kind of money on the house, the whole value goes up, including mine (using your money). So why would you allow that? Wouldn't you make me an offer for the house before you start spending your own money on the house ?
As proven with the Inferred/waste...just a small amount of money invested in infill drilling (5-10 million) would unlock 5 Billion...
Imagine what 360 million would unlock.
Then that same unlocked value goes on steroids when you mix in the effects of :
Time x Inflation x deposit scarcity x supply gap x nationalization
All this then creates the ''Cost of Competition'' (cost to Teck, more value to us), since many start over bidding each other to secure the resource = their own futur viability of continuing production.
