Here are 5 possible scenarios for what may happen with Copper Fox depending on what Teck decides:

1. Teck buys out Cuu 100% plus all surrounding areas:

Teck pays $4-5/sh and this happens within the next few months.

2. Teck backs in 75%:

Cuu then initiates massive drill program ( 30M min ) on Teck's dime to upgrade 171m inferred resource. Plus we drill out Paramount zone plus Discovery zone and other high targets of interest. We also improve recoveries etc. Cuu gets bought out at the end of 2013 when EA, plus other permits are approved for $5-6/sh

3. Teck backs in for 40%:

Same thing as No. 2 only this time we own 60%. Cuu gets bought out at end of 2013 for $7-8/sh.

4. Teck backs in for 20%:

Again same as No. 2 but this time we own 80%. Cuu gets bought out at $9-10/sh at the end of 2013.

5. Teck decides to walk:

Cuu shares take a hit initially but then recover on news that we are JV with another partner to do a 30M drill program for 10% interest. This time we own 90% and we get bought out at the end of 2013 for over $10/sh.

The way I see it. I think Teck should choose door No. 1 now otherwise in less than a year it is going to get even more expensive for them.