Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: ''bankable''

over 11 years ago

in response to Prospekt's message

Well, that would set a historical precident. A performance contract with no guidlines as to the bench marks required and no shotgun clause!

By this standard we could be stuck in a loop forever and our only option out is abandonment.

I've never seen such a thing and I doubt anyone in the mining business would every be so stupid to accept such a contract. CUU's lawyer would have to be on crack to permit them to agree to such a thing. I also doubt such a contract would be enforceable in a court.

The problem with the idea that abandoning the liard shares is a way out is incorrect. That would not terminate the contract. Only out right abandonement would get us out and then Teck could sue us for failure to perform resulting in a breach of the contract. Not only would we lose everything we'd be on the hook for specific damages.