Imho, I think it would be extremely unlikely Teck will walk away from this. One has to ask how many other Cu projects are out there of this size? How many are out there that will produce a stream of revenue for decades? How many are out there that are in stable jurisdictions? When you narrow down all these parameters the list is but a handful and many of those are not even yet at the BFS stage. We are there now. The project has been derisked to that extent. A little fine tuning is all it will take to produce better BFS numbers. And as Elmer pointed out, many Majors are now using highly sophisticated Real Option models to determine value rather than the old discount methods of yesterday.

That's why imho, Teck will not walk away. The worst that would happen is that they chose a smaller interest of 40 or 20%. And if that were to happen do you guys not think other Majors will not snap us up at a price that is fair? We would own 60% or 80% plus a chunk of the Laird shares. Just look at the bidding war that was just recently in the news for the large Cu deposits in Chile and Peru - politically unstable countries. Personally, I think Teck would be shooting themselves in the foot if they did not step up to the plate to acquire 100%. With a little bit of fine tuning and drilling after they acquire 100% they could easily sell 50% and still come out ahead or with no or little out of pocket expense.