Clarification,please

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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gbouman

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Clarification,please

posted on Sep 08, 2012 01:48PM

In reading the Agrreement, section 8.1 states that Teck has to declare its Back In intention within 120 days. Section 15.1, however, states that after receiving an executed copy of the Agreement and the Feasibility Study Teck must " no later than sixty days " prepare a definitive option joint venture agreement."

Does this mean Teck has only 60 days to declare its intentions? I have sent this question to CU by email but have received no answer as yet. I think this may have been mentioned before. If so,my apology.