I agree we shouldn't still be around! That would be terrible news for us longs! These payments would potentially come within 3-6 years out. Hopefully we are sold this year at some point. While we won't benefit from the milestone payments, another major can (is my main point). If things go hostile, our JV clauses would attract increased interest for our 25% buyout.

You're situation is ideal if all parties involved play nice and terms agreed between the 3 parties possibly connected in a deal. Teck would 100% want a shared cost structure to build SC but only if we get paid our price! Many outcomes here.

Things could become hostile if Teck wont pay our asking price, and copper fox goes shopping. Our JV agreement has great value, mainly the free ride to production at Teck's dime but the milestone payments of 40 million is also attractive to a new buyer. They are getting paid as Teck continues to build the project and potentially saving 1 billion in build costs! No need to share costs if a major wants our JV agreement as it's transferrable! That's huge for us for leverage and value!