If Mira releases stunning info Teck will make an offer on the spot. If not, we will see the FS this Fall and the clock will start. Teck won't be in a hurry but will move on their own schedule. Things will be done by quarters. Sept ends a quarter. The 120 days ends a quarter. Looks like they cut off in Jan. During this time they have to have the JV on the table by the end of Nov. This is where it get's interesting. They have to make a JV agreement framework but not opt yet. They will also have to be cashed up for all the operations they want to do and have the credit lined up for things they want to surprise the market with. In addition they will be wrapping up the year's end. It should be very busy then even if most of this is already prepared. Some think the exercise of the JV is for nothing since they will do a total take out. In that case they have to make the offer right away. The JV has to be negotiated. Assuming the FS is right on time preferably 2 weeks before the end of the month things should get real interesting. This is why I think it will come on the very last day of summer. CUU won't push Teck at all. Since the contract is in our favour they will not try to hurry it up.