Extremely disappointing NR.

• No mention of the 120 day clock
• No mention of the transfer of Liard
• Omission of the word bankable (even if it means nothing, why leave it out?) especially when you have this wording later, "delivery of a "Positive Bankable Feasibility Study" (as defined) to Teck after which they have 120 days to make a decision"
• Wording is very negative, "There can be no assurance that these discussions will lead to Teck exercising any of its earn back options nor that the Company and Teck will enter into a definitive joint venture agreement as contemplated under the Teck Option Agreement."
• The above might be legal but you can still spruce it up, add some detail and highlight the positives

Unless you "read what you want to read" this bodes as a bad sign IMO. What exactly does either company gain by making such a poor NR? I don't think enough. We can attribute it to smoke and mirrors, or we can attribute it to poor PR. Unless you were following the story closely already it seems like a trivial news report and does nothing to make people look closer.