The requirement in the agreement (Sectio 4.2) to deliver itemized expenditures for the previous year by March 31st could be part of the reason our year end financial statements seemed to arrive a bit earlier than expected. CUU has to the end of March to deliver the expenditures but may well have delivered them earlier to try and push the ball back into teck's court (we can hope). That would start the 45 days that teck is given to review the expenses.

I don't like that clause in 4.2 that affords Teck a full year to audit the expenses if they don't like the look of something. Ewe! Hopefully we have our accounting of such things in order and previous years' expenditures have been gated thru.