The delay in getting word to us could indeed mean Teck declined. Bankers have had enough time to look this over. The term bankable is defined. It does require a good faith effort unless the financier is agreed to in the contract. It is subject to the times. It is probably one of the weakest terms introduced in law. Yes, you could pour water through it.

What if we had an IRR of 60% but the banks were seized up in another phoney liquidity issue?