We are talking about the contract and whether Copper Fox has provided a feasibility that is considered bankable under the terms of the contract. We're not talking about whether the feasibility is any good, or if the project is any good. This is not a conspiracy theory.

The contract specifies that the feasibility must be positive at both the NPV 8% and NPV 12%. As Chappy has just explained it is not positive at NPV 12%. So that means that we have to wait for Teck to agree that it is acceptable and bankable under the terms of the contract.

In terms of the ROV I have not heard that Teck has ever said it was standard in the industry, but I would appreciate a link if you have one as that would be very encouraging news, although still irrelevant for this contract.