Thank you DC14, it is much appreciated.

Just a quibble though in Mike's logic....

If Teck were not interested why would the "right of first offer" be so important? What he appears to be saying is that Teck doesn't look interested enough to pay our ask.

Another thing, if Teck were not that interested it would be better for them to get a paying partner immediately rather than delay. Our contract states they have to pay up to $60 million pre-production without any dilution to us whatsoever, nor do we have to pay it back out of future revenues. If Teck bought our share and found another partner they would pay equally, doesn't that make better sense?

Teck could take us out then sell off whatever portion they want to a paying partner. It makes much better sense than keeping us at 25% while they do all the work and all the financing. If we sell directly, their new partner gets the same deal.

If Teck weren't interested they should be dressing this up very fancy sooner rather than later, and they should help us promote the project not keep it hidden.