There is some definitive language in the intro to the BFS

This is from the BFS link that Chappy posted

Copper Fox Metals Inc. (Copper Fox) holds title and a 100% working interest in the

Project consisting of 55,779.56 ha (137,834 ac). Included in this total are the

“Schedule A” mineral tenures originally conveyed to Copper Fox pursuant to the

option agreement dated January 1, 2002 between Teck Resources Limited (Teck)

and Copper Fox (the Teck Option Agreement), which consist of 8,334.34 ha

(20,594 ac). The “Schedule A” mineral tenures are subject to a 3.5% Net Profits

Interest held by Royal Gold, Inc., a 30% carried Net Proceeds Interest held by Liard

Copper Mines Limited (Liard) and, together with the additional mineral tenures

obtained by Copper Fox within the “Area of Interest” provided for in the Teck Option

Agreement, an earn back option held by Teck. With this feasibility study, Copper Fox

will earn Teck’s 78% interest in Liard. Teck’s earn back option to acquire either,

20%, 40% or 75%, of Copper Fox’s interest in the Schaft Creek Property (the

Property) is triggered upon delivery of this feasibility study to Teck. Should Teck

elect to exercise its option for 75%, Teck is required to fund subsequent property

expenditures up to a total of 400% of those incurred by Copper Fox (approximately

$85.3 million on December 31, 2012) and arrange for project financing, including the

Copper Fox portion. For full details of the Teck earn back option, please refer to

Copper Fox’s website www.copperfoxmetals.com