Yes slide 41 says that but read the jv agreement start at "Funding" on page 21.

(a) Teck needs to offer to copper fox to use all reasonsable commercial efforts to arrange projet debt financing for not less than 60% of the project......

This is one of the reasons I believe the discussion of a Teck buyout is lower then say another 3rd party comming in to buy us out. There is no skin off Teck's nose to roll everything for the project into one big fiancing.