Sibiu, in my opinion, the percentage will depend on Teck's capacity to finance the project.  They will keep as much as possible.

I believe they have 1.6B in cash and 4.0B in credit facility.  They will need to finance 2.5B for QB2 in a near future, so not quite sure if this leaves them with only 1.5B for future financing or if they have access to other funds.

When looking at QB2, they financed 50% of the project.  1.5B should be enough to finance 50% of Schaft Creek, but not more.  Another reason why they might want to take us out and remove that burden of carrying us to production.

If they partner up, this will for sure increase their IRR drastically.  They could end up needing only (e.g. 750M or less) in cash to move SC forward and still own 60%-70% of the project.  That would reflect in an IRR north of 80%... :)

MoneyK