Thinking more about it, we could have still sold our 25%, but a free ride to production seems to add more value as the buyer doesn't need to finance anything.

If we didn't sell our 25% yet, probably it's because nobody is willing to pay our price tag for it until the revised work is completed and confirmed by Teck.  Let's not forget that a good portion of the value will come from the exchange rate that averaged 21% higher for many years which now allows Copper Fox & Teck to put it in the FS as the long term consensus price.

Our expertise is to drill holes & build ressource.  How could we direct Teck about bringing a mine to production when that's their core job?  Even if we could, I don't see how they could accept this and still be the operator at the end?

Maybe we could have asked them to drill 360M of holes on the property and prove up 40B lbs of copper, 3 mines, etc,. but after, what happens?  We would sell everything for $0.05 per lbs?  There's only so much ressource a company can extract in a day and remain efficient.

I'm just trying to make my mind on what could have been the scenario with us directing Teck to spend 400% of the expanditures before they can earn 75% and get out of this situation with a bigger pay check at the end.

MoneyK