I agree we should work with Teck to find a new partner to develop SC into a producing world class tier one mine! Such as scenerio could be 25% from each Copper Fox and Teck to a new partner giving 50/50 JV deal.
I disagree with your statement of Teck having no particular reason to buy us out. Mainly the contract agreement. This is the reason to play fair in discussions.
I am sure other majors would love a free "carried to production" mine with no upfront costs to develop. Copper Fox’s primary and most advanced asset is its 25% carried interest in the Schaft Creek Joint Venture (SCJV) with Teck Resources Limited (Teck). Schaft Creek is one of the largest undeveloped porphyry copper-gold-molybdenum-silver deposits in North America
I am sure other majors would love to take the 2 remaining installment payments of 20 million on reaching project milestone tasks. (ii) $20 million upon a production decision approving mine construction, and (iii) $20 million upon completion of construction mine facilities.
I am sure other majors would love the additional 40 million in pre-production budget to further drill and technical advance the SC deposit at no cost. except that Teck is solely responsible for the first $60 million in pre-production costs (Teck has funded approximately $21 million as of April 2019)