Copper Fox Metals Inc.

If Teck says that this feasibility is not acceptable as a Bankable Feasibility then we would be required to improve it somehow. I would imagine that would mean drilling the inferred and moving it into the reserve category. They could also take the other steps that the feasibility recommended like improving the metal recoveries.

However, as MES pointed out, Teck would be taking the risk that we would come back with a vastly improved feasibility and they would have to pay significantly more for the project. I would add that we would also have much higher eligible expenditures.

I think that Teck has enough information to make their decision at this point and that they intend to do so. They have put in many months to review the feasibility information and possibly do their own feasibility that Mike has told me could be up to 45% better than ours.

It is apparent they have a great deal of interest in the project. It seems like they maybe intend to make an offer before this 30 days is up, maybe?