CUU has to abide by the terms of the option agreement but won't disclose how they are doing just that. The timelines must observe the following conditions:

1) Teck has 30 days from receipt of the Feasibility Notice(FN) to declare what size of project is deemed to be a PBFS( as per section 5.5 b)

2) Teck has 120 days from the delivery of a FN to exercise their Back-in Right (as per section 8.1)

3) The FN is defined in section 5.4 as the PFS and a statement of the costs to generate the PFS

We know the date that the PFS was delivered but CUU refuses to discuss if the FN, which includes costs, was given to Teck. CUU has a requirement in the option agreement to itemize all of their costs from the previous year and deliver the statement to Teck by March 31 of each year(section 4.2). So it`s possible that these `discussions` that have been occurring could consist of Teck asking CUU to delay sending some of the information required in the FN. CUU may have responded by saying alright but we must hear from you no later than March 31. It`s a possibility that allows CUU to be onside with the agreement but also gives Teck more time if they need board approval. I doubt CUU will provide any useful information at the PDAC but hope they at least attempt to spread this story around and generate new investor interest.