The cautionary note section appears to contain the reasons why the press release, and conversations with Elmer, doesn’t provide enough clarity on some key questions. Here are some extracts:

Teck may not accept that the delivery of the positive Feasibility Study constitutes delivery of a "Positive Bankable Feasibility Study" as defined pursuant to the terms of the Teck Option Agreement; the 120 day period that Teck has to exercise its earn back rights may not have commenced; the "Expenditures" may not constitute Expenditures as defined in the Teck Option Agreement in the quantum anticipated by Copper Fox

And another section:

the delivery of the Positive Bankable Feasibility Study and Feasibility Notice to Teck

There's been no mention of a Feasibility notice given to Teck, but one is required. It appears we are waiting for Teck to respond on a number of issues in addition to exercising the back in right or a buy-out offer. The only item that be said with certainty is the delivery of the positive FS to Teck. That would also explain the market indifference.