Copper Fox Metals Inc.

Teck already signed off on the Feasibility. They can't argue anything.

That comment made by Rolston was in reference to the 4 year clause. Basically he's saying that Teck will want in without the 4 year clause (since Feasibility delivered was base case, bare bone) and that it's better for Teck to buy us out.

And if Teck backs in, CUU will use Teck money to drill the inferred as they look at other buyers that want to be in our position (Financing by Teck, 4x expenditures, Liard control, Port and Power).

''My sense is that the major will want to retain an interest in the Schaft Creek deposit, but not want the pressure of the development timeline specified in the agreement. Teck might argue, to buy more time, that the feasibility study is not complete, in that there are unresolved issues. A simple solution would be for Teck to buy Copper Fox. The current value of the junior is just 8% of Teck’s current cash position. ''