You nailed it Liddy

Teck does not have an option to not form a JV with CUU (or assigns) if they want to stay in the project (without a buyout)

Revisit Para 15, Definitive Agreement

The formation of the JV, within 60 days of the BFS (whatever that means) is mandated as well as the necessity to draft an entire agreement superceding Salazar

Maybe that is what they are doing now

Hope CUU has enough sense to reserve the right to sell their interest, but I am not sure I have that much faith in their business acumen here