10.10 Copper Fox Program. If by March 1 in any calendar year Teck does not propose a Program with a budget of
at least $500,000 in Costs, Copper Fox may, by April 15 in that year, submit a draft Program with a budget of at least $500,000 in Costs.
Copper Fox's submission of a draft Program shall be a commitment on its part to fund the entire Costs budgeted for that Program if Teck elects not to contribute. If:
(a) within 15 days, Teck elects to fund its share of the Costs of Copper Fox's Program, Teck may modify the work plan, but not the budget, for the Program and carry it out; or
(b) if Teck does not elect to fund its share of Costs, Copper Fox shall carry out the Program and Teck's Interest will be diluted as contemplated in ยง4.7; provided that, if Copper Fox completes the Program with less than 80% of the budgeted Costs having been incurred, Teck may contribute its proportionate share of the actual Costs incurred and thereby maintain its Interest.
Got this info from another person, but still.....from what I read they just can not leave it as a dead project.
Don`t know what it would cost to move the waste rock....but CUU has money, maybe were going to do it.
Who knows, maybe Teck is going to let Elmer finish it?
