My understanding of the events is that Teck has no superior contractual right to the Copper Fox interests other than the back in rights

Maybe someone has a better feel for this, but as to the 1/4 of the project that CUU retains in the event Teck elects their maximum back in option, my understanding is that there is no inherent right for Teck to have first crack at buying it

There is nothing contractual that even suggests it is for sale

This is part of the risk to Teck if they do elect to back in

We are free to sell the rights to whatever we retain to anyone at any time and that includes the various snares that we have discussed like the JV and Liard intersts

I am sure Teck must be wrestling with these questions even now and probably asked Elmer to go away for a few days..please