Copper Fox Metals Inc.

The corporate NR was a good sign that everything is on course.

We all know they are discussing but since there are a number of underlying agreements you can be pretty sure that's what they are talking about. The main contract gives us the broad strokes and is pretty revealing in itself. By measuring the items we get against the main contract we can construe what's going on on the inside.

The notion of bankable is not a big deal. I would bet that royalty sub clauses have more impact on what's banakble. We get a hint of that in the nature of the royalty adjustments in the main contract. We can work backwards to some degree.

I think Teck has already accepted the bankable FS. I would speculate that we have discussed the land. With the finalization of the land we can safely assume Teck is working out their long term plans for the area. I would also speculate that cuu is talking turkey with Teck about the Liard shares and we are not in a rush to transfer them. In fact, it's to our benefit to never see them.