Let me share my guess as to what's happening and why no official clock. ''Official'' is the key word here.

This is a big complicated deal led by a complicated agreement. It could possibly (I think it does) involve other players. It has tax implications.

Teck is linked to CIC, Sumitomo, CUU is linked to Xstrata (now owned by Glencore), Royal Gold. Teck has a working relationship with Xstrata, Royal Gold, BHP, Mitsubishi. My guess is many others would want to work with Teck or have Teck as an operator.

Alot of land is involved (outside and inside the agreement), voting shares are involved, multipel expenditures and financing to production is involved. You also have First nations.

Alot of accountants and lawyers on all sides would be involved. Teck has a schedule, CUU has a schedule; if other players are involved they have a schedule.

My point... all this would take time to iron out. Nobody will risk putting a fixed date that could legally mess up the negotiations (Liard shares are voting shares)

If Teck is planning on taking out Copper Fox, they would keep the Liard shares in the process.

They don't need a notice rushing things. You can't rush deals like this that involve decades and Billions, you can't have timelines on signatures, especially if other parties are involved.

So they put out a NR that the the Feasibility was delivered and that they are in discussions (3 months ago). They can't say more and they won't. They won't say if the official clock has started because the logic behind the answer could let the cat out of the bag.

To force Teck on the 120th day to make a back-in decision during possible take over discussions with possibly other players would be foolish.

You want answers now, but they can't give them to you. And in my opinion, that's a good thing.

If Teck wanted out, they would already be out.

If Teck was backing-in, I'm pretty sure that would also be done by now. Still some time left. (more than 1 player could be involved in a 75% back-in or financing).

But the closer we get to June 4th, the better. If we pass June 4th...even better.

If a drilling program comes, that's all it is a planned program. Whoever runs with Schaft Creek will use the same program or do what they want.

Far West mining planned to collect additional geotechnical data for their pit slope to complete the pre-feasibility, that was announced April 16th.

Business as usual right ?

April 17th, Capstone aquired Far West with a strategic partner Korea resources.

This will be my last post until the next move is made. It's pretty obvious to me what's going on.