Actually it's a Right OF First Offer, which is viewed as being better than a ROFR. While selling to Teck is an option, it isn't a good one since Teck has all the leverage. Selling to someone else requires the updated economic numbers(NPV and IRR) or else they use the old FS numbers. They will also need some sort of a development plan as has been announced by Teck for the other satellite projects that moved them into medium term options. Neither of these key pieces of information required by CUU to maximize the value of SC has been released by Teck nor do they have any obligation to do so under the JV. E&E should have spent a lot more effort thinking about the end game and an exit strategy before signing the JV.