Copper Fox Metals Inc.

They found a couple of spots that could make the 12% cut and agreed to forego that option. This is the starter pit portion. The terms were intended to set out a minimum starter operation that could act as a stand alone. It quickly became apparent that a larger study was required. Teck probably kept the option in the case where ii failed to meet the $1. This has a lot to do with the main option clauses. The capex costs between 25kta and 130ktd are huge.