The 80million is normally irrelevant for a normal junior who's doing exploring. The 80million in our case is relevant because Teck (assuming 75% backin) has to pay for 4x those expenditures.

Outside of that, a normal junior would have to pay for and arrange financing if they wanted to do a JV. We don't because of the initial 80million we spent. This is very relevant for a junior especially in these markets.

The 80 million is not relevant for a normal junior. It's just costs. For CUU, it is because of all the things that are associated with the Teck agreement.