"Although Teck has to deliver it before 60 days are up post-feasibility, there is no time limit on how long Copper Fox can take to review it. I do hope this might be a time for Teck to just get on with it and declare their interest."

How can an Agreement be drawn up without knowing Teck's decision? If Teck is backing in, we need to know the % they elect, to draw up the Agreement. The backin % is essential for the Agreement because it affects who the Operator is. If Teck decides to take 100% of Schaft Creek, no JV Agreement is required.

IMO, Teck has to declare their interest to CUU, no later than April 5, 2013, in order to satisfy Section 9: Joint Venture Upon Teck Cominco Earning an Interest, in the Option Agreement.

I hope CUU management on April 6, 2013, will send out a NR on this crucial date one way or another, of Teck's decision. Even if a 30 day extension is needed, CUU should notify its shareholders the status of the JV Agreement.