For comparison, Pretium's Brucejack and New Gold's Blackwater properties are spending money on exploration and development faster than any other projects that I follow.

In 2012, Blackwater drilled 270,000m and spent a total of $128M on the property. They had 19 drill rigs on site.

Pretium drilled 106,000m and spent $100M on the property.

Reaching Teck's spending requirements for a 75 percent back in without building a mine would be very difficult.