Copper Fox Metals Inc.

Teck walked, you really think we wouldn't be at 33 cents? Please go look at Catalyst Copper

If you are comparing us to Catalyst Copper either pre Salazar or after then we're really in

trouble.

The problem is that the old agreement didn't make sense in spending $360M on exploration

Under Salazar the 4 times expenditures was for exploration and development not just

exploration.

That being said, the best part of the agreement is Teck willing to arrange financing for CUU

The last thing we need is no buyers lined up and having to finance our share if and when a production decision is made.

Elmer mentioned to me many times he dropped of the FS

Dropping off the feasibility study is not the same as serving them the feasibility notice

to invoke the 60 and 120 day provisions of the old Salazar

Even so, Teck back in now, it doesn't matter if it was served or not anymore

I agree.