Copper Fox Metals Inc.

I think a further delay has been ruled out. One good reason to push forward is to get the environmentals approved while we are enjoying possibly the most pro-development governments in recent history, both on the provincial level and the federal level.

If Teck, or whomever, doesn't offer a solid price for this stock then we can wait and continue to build value. After the Feasibility Teck will have to state their intentions going forward. At that point they can either buy us out fully or we are on the market with the Teck matter cleared up. If Teck, for some strange reason, opts for 75% but not the 100% then we essentially don't have to pay anymore money and wait for Teck to build the mine and build the value.