I don't think Nova's waiting for us...I think the potential buyers of Nova's 50% are waiting for us. Novs'a clients are our clients.

If you were a potential buyer ready to fork up Billions...wouldn't you wait for the Schaft Creek Feasibility. That's what they're doing.

Galore is years away from us....huge capex, huge environmental problems, tunnel, no fiancning, etc etc ...

So as a potential buyer (and we know they're there) would you then pick 50% of something that could be a go in 10-15 years+....

Or a nice round 23.75% of Schaft Creek (negative cost, EA ready, High grade starter pit, port reserved, Teck financing, 4 year clause etc...)

The choice is simple and obvious, they'll be going for us. Unless Teck just takes us out following the Feasibility and deals with those Nova Gold ''entrants'' later....

IMO Teck will take us out 100% (no more financing and 4 year clause) and then deal with teh Nova Gold entrants, offering tehm a peice of Schaft Creek. This will force Nova to potentially bring down their price tag..or they'll be left to dry for years....

If I might add to this Vette.....Teck OR who ever takes us out gets the port.....The resevation of the port is in Copper Fox`s name OR the suitor of it.

Now the way I understand this clause is.....it is just for Copper Fox. So let say Teck just takes 75%.....We sell our 25% to say company X.....Company X would then get the port reservation....hummmm....something to think about.

THis also anouther BIG reason why TECK would have to buy cuu COMPLETLY out.