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.