That brings up another debate: when exactly did the clock start if it is ticking?

Our NR was Dec 21st. Darpa mentions Dec 24th (the day of the FS convference call). We posted the FS summary on Feb 4th and NR'd that we had delivered it but it sounded a bit like past tense to me (i.e. we had delivered it at some time before Feb 4th) and that discussions were already under way. However we should have got word of the delivery of the "Feasibility Notice" in §5.4. and some word about the Liard shares. nada.

Feb 4th:

...The Company has delivered a copy of the completed positive Feasibility Study to Teck Resources Limited ("Teck"). Teck is reviewing the Feasibility Study and is discussing with the Company its earn back options available under the "Teck Option Agreement" dated January 1, 2002...

....Mr. Stewart stated "The filing of the positive Feasibility Study and commencement of our discussions with Teck related to its earn back rights are significant milestones for the Schaft Creek project. We look forward to these discussions regarding Teck's possible future involvement in the Schaft Creek project.