We have fully satisfied our requirements under Salazar.
Why is this such a hard idea for folks?
This is a hard idea because we were told the Teck clock would start when we delivered the feasibility and it has not started. We are told this yesterday from Jason, through the efforts of Chappy: The 120 day clock has not started, Teck is within a 30 day review of the document and is in current discussions with Copper Fox.
On Jan. 21st we were told, by 604DD, that Elmer said at the VRIC. Not to put 604DD on the spot because we have been consistently told this: Elmer said the most important thing was to file the BFS on Sedar and hand a copy to Teck. He told me this would get the Teck clock ticking...I also told him that somebody that came yesterday mentioned another 30 days for a review of the BFS before the 120 day clock starts and this is not true. He said there must have been some confusion and the 30 days review period is actually for the EA.
What is hard is that we are not getting a consistent message from management, and they don't seem to be clear on the process themselves. There has to be a reason we are in a 30-day review period instead of a 120 day clock period. Unfortunately when we ask for clarification we are told this: We are advised by Legal that we cannot discuss these matters in detail due to the sensitive nature of such.
All we have in clear english is this from the News Release: Copper Fox has made numerous assumptions...the acceptance by Teck of the positive Feasibility Study as a "Positive Bankable Feasibility Study" as defined in the Teck Option Agreement...While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
I have a lot of money invested in this stock and this story, and I really would like more solid information at this point in time. When things deviate from the plan, as I think they have at this moment, it makes me concerned, that's all.