"Um..no that's not what I said. I said if we get a 75% back in, majors should fight over each other for the remaining 25% since the mine is being financed and operated by Teck. It doesn't get better than this for them...We would get a bidding war and it would happen fast."

I don't understand why we think that Teck will be financing 100% of the mine. There are several paragraphs in the Option Agreement that states otherwise. Below is quote from Section 9.1.

"9.1 Upon Teck Cominco earning an interest the Property pursuant to Sect, 8.3(a), 8.3(b) or 8.3(c), a joint venture (the "Joint Venture") shall be formed. Except as otherwise provided in this Agreement, following Joint Venture formation, the parties shall bear all Expenditures and all liabilities arising under this Agreement and shall own the Property all in proportion to their respective interests. Upon the formation of such Joint Venture, Teck Cominco's deemed Expenditures shall be equal to 20%, 40% or 75%, as the case may be, of the combined total Expenditures by Teck Cominco and Salazar on the Property from the date hereof and Salazar's deemed Expenditures shall be equal to that percentage which is 100% less Teck Cominco's deemed Expenditure percentage of the combined total Expenditures by Teck Cominco and Salazar on the Property from the date of this Agreement."