I asked this question earlier but no response. It was buried deep in another thread, so here goes with a new thread.
If nobody knows the answer, I can accept that, but it is a question we should have an answer to.
If Teck rejects our FS as bankable, then what? Do they release their interest in the property and it is all ours, or do we have to drill a bunch more and get the BFS right the second time and another 2 years and many millions more dilution to get this acomplished?
I am hoping it is all ours if they don't want it - the alternative isn't good.
If Teck actually has the power to send us back to the drawing board yet still hold first refusal on the property, we better not be talking about price with them until we know it is accepted. That would be an unfair advantage for them to low ball us and then hold the rejection of the FS over our heads...
I know this is likely not going to happen, but lately it seems that it is the unlikely things that do happen.