Let's try and figure out why they put that in there

They preferred a larger mine, 5.5(b)(ii)

If they had a larger, longer life mine, as defined in that paragraph, they were willing to accept lower grades as evidenced by an 8%NPV absolute qualifier, as positive and bankable, for purposes of the agreement

But how about if they had a somewhat smaller mine

Maybe one defined per 5.5(b)(i), but it did not meet the 12%NPV

How about we write a sentence that specifies that even if it did not meet 5.5(b)(ii), the automatic qualifier, Teck could in its sole discretion, elect to deem positive, basically whatever they wanted

Exactly what was written in the agreement, and in my simple mind, why it was....