That being said yes we have control over the contract and decisions as operator, but if Teck acquires 75%....we've lost that.

I also think they will back in 75%. But once they elect to back in they must then earn it, just as we have earmed 100% of Schaft Creek.

Unitil they earn it, even if they elected to back in, they don't have control and we haven't lost anything. CUU has already stated their intentions...they want to sell.

http://www.bus-ex.com/article/copper-fox-metals

Stewart should know. He’s been in the mining business for 30 years, holding the position of QP (qualified person) and in this time has helped bring on stream five different gold mining operations. “Even assuming that we could raise that much money alone,” he says, “it would leave the company highly exposed in the event of a market downturn. I already have the board’s agreement that selling our interests is the best course of action.”

''In the meantime, Copper Fox is preparing the necessary licenses and permits for whoever it may be who takes the ball and runs. But whatever the future brings, the geologist in Stewart is sure that Schaft Creek will have a long and productive future.''

The copper supply is going down...the sovereign funds, the Koreans, the Indians , the Chinese..are all looking at 10-15 years down the road. Schaft Creek is a Canadian gem a porphry District, no envrionmental problems, huge mine life, very profitable etc..

They will all fight for it. They will gladly secure that 25% if Teck does not.