Teck would get 40% of Liard royalty, 1% royalty they hold, 40 % of net proceeds
That is 53% return (majority of profits) for contributing 40 % to the project. They don't have to arrange financing for anyone else. Have equal say. Plus there is the road use yet to negotiate . What ever it is settled at could be deducted from the backin fee. At the same time protecting there balance sheet. Might not be a bad deal at all.
I think it may have been on BNN Lindsay said they would consider partnering on a project when asked about whats in the future.