No, my understanding is Teck has 60 days from receipt of BFS to agree on the JV and 120 days from receipt of BFS to make their offer final.

There are two JV's. One is the JV that was to be arranged to supersede the Agreement and Teck had to deliver their JV to Salazar (now Copper Fox) anytime before 60 days post-FS. Copper Fox could then review it, so they can drag this out with no deadline. But, if Teck only chooses one of their earn-back options and we have to work with them while they earn their share then we will need that JV.

Within 120 days post-BFS they have to make their decision regarding their options. After they do, and when they have earned-back whatever amount they choose, another separate JV is to be formed. They could avoid all this by buying us out.