"...maybe this agreement was different than what you thought..."

Yes, that's the case. Sorry I didn't make that more clear ealier.

On tour a couple of years ago, and as best I can recall, JB indicated he wanted to JV one of the pipes, as was done a couple of years ealier - the one where the partner/contractor walked away without finishing the job.

Back then, JB offered that the idea was to prove the prospects for the pipes, but hold back the remainder as a cash cow for the company once it was financially capable of advancing the work from cash generated by other means - sales and/or JVs, etc. (Tombstone, or Silverbell, or Alaska).

The news on the pending deal, of course, includes the whole of the North Pipes Super Project, not just a tiny piece of it. The consequence is a twist on the earlier plan in that NPSP will now help to finance work elsewhere.

BTW, I just noticed TMBXF is up 65 percent going into the close.

VP