"How does getting Schaft Creek for free sound....with little to no capex coming out of their pocket......"

This jogs my memory.

At PDAC where I spoke with Mike, at one point during the conversation he said (almost exactly) "If I were Teck I wouldn't pay anything for Copper Fox".

He noticed my double take and went on to explain a scenario (which I didn't understand and can't remember, unfortunately) whereby Teck could use Somebody Else's Money for the liquidity event.

I think Mike's statement is evidence that supports the idea of Teck partnering up.