The alleged 4 year clause would have been a throwaway term in the agreement when Salazar and Teck started this exercise

This agreement is not between Teck and Copper Fox, and never involved Salazar. The agreement exists between Liard and Teck. When Teck optioned the properties off Liard it meant that Liard gave Teck the right to explore and mine the property but they couldn't hold those rights forever and not act upon them. The four-year clause would give Liard the right to take the claims back if Teck stopped working on them. Quite reasonable.

When we earn Teck's interest in Liard we presumably inherit the four-year clause as well. It is then assumed if Teck chooses to earn-back 75% they will still have to adhere to that time-frame. When we produce the Feasibility study we will be the major shareholder of Liard, and Elmer is on the board. If any legal matters need settling that might be a good time to do it.

This might be one reason that Teck would move before the Feasibiltiy is released.