Was there any timeline or anything else in that agreement forcing them to bring Schaft Creek in production at a faster pace?
Com'on MoneyKeevil. You have been around long enough, and sure come off as some sort of expert, that you should be aware of the answers to your basic DD questions.
The answer to your question is YES. Teck could not even run the JV until they spent enough to EARN the operator role. At 40% of the required spend TECK earns a 50% voting right IIRC. Until then Copper Fox would have unilaterally directed where spending would be done, ie more exploration or resource upgrading if they wanted for example. Fixing up the botch FS if they wanted. 40% of $320,000,000 = $128,000,000 spent by Copper Fox any way we would have wanted before TECK could do a thing.
Its a shame that management didn't understand why that clause was in there. Do they now?