Again..this is what we know:

Dec 21st (5+ months ago):

Copper Fox Announces a Positive Feasibility Study on the Schaft Creek Deposit

Feb 4th:

* Copper Fox Files Positive Feasibility Study on Schaft Creek Project

* 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.

A drilling programm has not yet been announced

* May 5th 2011: Copper Fox Provides Update on 2011 Plans for Schaft Creek, Diamond Drilling Expected to Commence Mid-May

* May 10th 2012: Copper Fox Announces 2012 Exploration Program And Acquires Additional Mineral Tenures Around Schaft Creek Property

Teck has not walked away

Teck has an earn-back right pursuant to the Option agreement entered into in 2002. We have been working with the senior technical people from Teck since early 2010 when we announced that we were proceeding to complete a feasibility study on Schaft Creek.

* Keevil (Majority holder Teck A voting shares)

''The richness of Schaft Creek’s copper grade is “pretty dramatic,” Dr. Keevil Jr. says. Despite the high cost, the development date probably would be earlier if there were power in the are, he adds..''

* March 2013: Copper Fox Enters Into Facilities Study Agreement with BC Hydro for Schaft Creek Project

As for June 4th it's a target but was purposely not set in stone during these disucssions and we can understand why. As I posted yesterday.....many DEPENDENT AND INDEPENDENT VARIABLES can influence what we think is a CONSTANT:

The current discussions can involve just Schaft Creek or maybe the land all around it (again tehy added more lnad last week), then you must consider the port agreement, you have the Hydro agreement, you have Xstrata (now Glencore) who own 10.72% of the Liard shares, you have Royal gold, First nations, Goverment, you have various tax implications, accountants, lawyers and various options to pick from, schedules, possibly another player involved, and I'm probably forgetting some..

If something needs to be signed and they need a couple days, considering eveything I just mentionned above and the long term impacts this has on all, they'll probably use a couple days if needed. For that simple reason a fix deadline was not legally declared.