If this is bad news, then Teck is good news. If Teck was bad news then this is good news.
Personally, I like it better this way. What if they continued the JV, we would still be in the dark. This is exactly what Azure needs, some finality. We know where we stand, someone else has spent $4mill on our behalf. Tony and the team get a chance to show their geological prowess. At least we know we won't be kept in the dark as far as Prom. is concerned.
Information is king (or queen, Dolce) as far as SP action is concerned. No excuses now, keep us informed.
My humble message to Tony:
Imagine it. Plan it. Communicate it.
Do it.
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