More important is what can Schaft Creek become (Paramount extent + depth) with the available data known today or what does Teck think Schaft Creek can and will become..

Then you have Discovery, Mike, ES, GK zone, the North and South spectral and of course Mess creek to deal with.

Copper Fox knows what they have, and are surely asking for what they know they have.

The options are simple, Teck can back-in 75% for now and spend big exploration money this summer (Teck style) and unlock alot of value, improve the economics (waste rock, mettalurgical testwork etc) and confirm eveything the collected data is suggesting (chargeability, 1 to 1 correlation, Positive magnetic Lineament, Aerials, Titan, grab samples, Widespread and extended Mineralization, Mira interpretation), confirming even more potential.

Then they take us out. It's like testing the water before jumping in.

Of course Teck will ask for a FROR agreement, because someone could come in and try and take us out. But the plan would be for Teck to take us out once all this is confirmed.

On the flip side....,

If Teck already knows enough now....why pay more for us later once the value is unlocked by their own hand....when they can do it today.

The delay here is a good thing. Teck has had plenty of time. They are interested.

Alot of complicated variables are involved : (The agreement, the 4 year clause, the Liard share voting power, the land inside and outside the 2km, the financing to production, 4x expenditures, Xstrata involvement, port agreement , BC hydro agreement and a EAA soon to be completed)

Now mix that all together...and throw in a 120 day timeline and a drilling season that must get planned, financed and start soon.