They also removed a lot of the cautionary statements. No more do they say that forward-looking information includes the delivery of a positive bankable feasibility study or that the 120 days might not have started or that we have earned the Liard shares. The assumptions no longer state that Teck might not accept the feasibility as bankable among many other statements.
Now we're down to this:
Forward-looking information in this news release includes statements about Teck's earn back options available under the "Teck Option Agreement" dated January 1, 2002 on Schaft Creek; discussions regarding the terms of a definitive option joint venture agreement; and Teck's election to exercise its earn back option.
The risk factors are interesting, most notably the bit about how Copper Fox may not proceed or continue with activity on the Schaft Creek project as currently planned. If they are not going to continue that then it would have to be a buyout.
Known risk factors include: discussions with Teck may not lead to Teck exercising any of its earn back options; the Company and Teck may not enter into a definitive joint venture agreement; and Copper Fox may not proceed or continue with activity on the Schaft Creek project as currently planned.
