"The biggest downside to this statement is that Teck will conduct this INTERNALLY. Will CUU be privy to all the data and work being completed? It doesn't sound like they will be if Teck is working on this themselves. So what is the big problem with this??

Well, Teck can continue improving the economics of the project and have immensely greater valuation calculated internally but the market (and CUU) will still be left with a pitiful BFS to shop around for buyers. In essense, Teck has CUU by the B@lls for the near future. No wonder Van Dyke is being pursued actively, because as of right now... 2014 will be a write off for SC buyout chances"

Sharp, you are reading that statement out of context. When they state, "The studies will be conducted internally by Teck and outside consultants will be retained if and when necessary" it means Teck will supply their own employees to conduct the engineering studies as they have the knowledge and expertise to complete the 2014 objectives outlined in the news release. Internally does not mean only for Teck to see once all is completed. Copper Fox in the past would use consultants to work on particular activities due to the lack of experience or knowledge in the field. Teck is a different beast, a large mining corporation with thousands of employees with different disciplines of skills in all levels of mine development and operations while CUU is just an explorer or resource developer. Teck has the technical knowledge to complete all activities therefore the conducting of developments "internally".

Novagold "Together with Teck, NOVAGOLD incorporated the 2012

and 2013 drill results into a work plan for 2014 to update the technical understanding of

the deposit. In the meantime, the Company will continue to evaluate opportunities"