Hi Nav, Yes, we only have 25 per cent say on how the JV moves forward. While this may seem like a negative, my understanding is the TCK-CUU relationship is collaborative, with TCK looking to Elmer as the Schaft expert. That said, Teck will have their own in-house machinery who can crunch the numbers and scientifically model the significance of the most recent drilling program and what impact it will have on resource expansion and overall economics. Below, I've pasted from our corporate presentation the advantages to the JV which work in our favour. This means to me that we will be carried to production without further dilution. Stockfriend Schaft Creek Joint Venture Under the terms of the Schaft Creek Joint Venture dated July 15, 2013 between Copper Fox (25%) and Teck Resources Ltd. (75%) Teck will: • Pay three milestone related cash payments totaling $60 million, first $20 million payment received. • Fund 100% of the joint venture costs incurred prior to a production decision up to $60 million. • Fund Copper Fox’s pro rata share of any pre-production costs in excess of $60 million and the subsequent two cash payments payable to Copper Fox (see above) will be reduced by an equivalent amount. • Fund any additional costs prior to a production decision, if required, by way of a loan to Copper Fox. • Teck has agreed to use all reasonable commercial efforts to arrange project financing for Capital Costs upon a production decision being made, including Copper Fox’s pro rata share of the Capital Costs without dilution to Copper Fox.