Our 60M doesn't equal 88M. We are paying for the drilling this year and letting Teck decide exactly where they want it done. I would have expected more money and less %. Even the next 40M can be directed to development. Even more can go in but then Teck credits us by way of loan. It still means we are paying for it until that's exhausted. True, it means no more dilution but it means we are willing to pay at least another 60M. Even when the first 20M goes we may not have a production decision. That money is pure risk. It's not until the production decision and that 20M that we have some assureity.

In for a penny in for a pound. We gave them a blank cheque. We must be very confident that Teck will produce the goods. We have an EA and drill results coming in this year. I'm expecting really good results but not so much by eq but as supports that they will get costs down in a major way. SC will rival QB in a way that's had to ignore. Teck is taking a shotgun appraoch to copper. By not being cornered in a country that's increasingly volatile they will have leverage.