We'd be negotiating a JV that we don't want ourselves - and as such may hurt ourselves in negotiating the JV, when whoever we end up selling to (another major) may actually want different terms which may lower the price they want to pay or make them hesitant to pull the trigger.

The definitive joint option JV that we would be negotiating at this point would have to embody all the terms and conditions of the existing Agreement. The conditions that Copper Fox now has where they have to report to Teck, and get their permission to hire contractors, etc., those conditions would flip and Teck would report in the same way to Copper Fox.

Teck has to prepare this JV and give it to Teck before the 60 days are up, but, there is no time limit on how long Copper Fox can then take to review it. Until they review it and agree on the wording of the JV the old Agreement remains in place (with conditions flipped.)

So, if this were a big problem I certainly think Copper Fox management could find a way to stretch that process out for quite some time.