Let's actually talk jv.

So I was reading the jv again and keep coming up to something interesting which needs to be reminded.

Teck is not covering all the costs of the build. They just need to find financing for us. It reads that they must find financing for a min. of 60%(not sure where they came up with that number). So the actual costs to both companies isn't that high. ex. put down say 40% and get financing for the rest. I know over a billion isn't cheap but they aren't footing the whole bill out of their bank account.

So we really aren't a drag on things. Teck is allowed to put up our portion of the site to get the financing done. If things go over budget then they need to cover our portion as a loan and we pay back at prime plus two percent.

So here is a fun topic. what are the odds of only putting in seed money to just get financing and keep the debit hit off of teck's book?