Copper Fox Metals Inc.

Mike says that upgrading the inferred to indicated would require a significant investment of time and money.

Well I asked Elmer, it's 10 drill holes in the Liard zone...and a whole lot would have gotten upgraded to Indicated. It's that simple. They can even do it if Teck backs in 75% vs buyout.

They could have done this but it would have required a new Resource Estimate and a new extended Pit Block Model and delayed Feasibility.

With aerial, titan and Mira and 100& correlation...they had enough proof..Teck has enough proof.