"I went back and listened to the audio recording. Elmer says Teck has to back in before they start talking about a joint venture. Useless to make a jv with out knowing percentages. No?"

They are two very different JV agreements involved here; the JV that meta is talking about is pursuant to the 2002 agreement which basically says if CUU has delivered a PFS to Teck, then Teck would prepared a JV agreement to replace the 2002 agreement. This is basically to tie things over, if needed, to when Teck decides the back-in %, as they still have 60 days max to decide. When and if Teck decides to back-in, then there would be another JV agreement to develop and operate the SC mine.

I tend to agree with meta that the delivery of the JV from Teck is a pretty significant event that should be NR'd, regardless of when and if CUU accepts the agreement.

I believe some of meta's frustations might be coming from the slightly different attitide towards the interpretation or administration of the contract law (common law) between Canada and the US. I believe meta is from the States, and they tend to interprete the contract in a much more restrictive sense than here in Canada. That was my impression from the few years I worked down there and dealing with attorneys there. (I'm not saying whether one is better than the other, just there seems to be some difference between the two countries in that aspect.) JMO