http://www.veracast.com/webcasts/baml/mining2014/id19210180434.cfm

It's tmrw at 1215 ET.

Nope. Don't think they will give any details about SC or engineering studies.

I bet they will just say they are currently undergoing the study and keep it at that.

It's been over a year since the JV and Teck has not talked anything in detail about Schaft Creek or JV. Especially the financing agreement for our 25%.

I actually looked back into the JV release back in 2013 July.

Teck's NR

https://www.teck.com/Generic.aspx?PAGE=Teck+Site%2fMedia+Pages%2fMedia+Detail&releaseNumber=13-23-TR&portalName=tc

Vancouver B.C. - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it has entered into a joint venture agreement with Copper Fox Metals Inc. regarding the Schaft Creek property in northern British Columbia, under which, Teck will hold a 75% interest in Schaft Creek and Copper Fox will hold 25%. Schaft Creek is a copper-gold exploration property situated approximately 80 kilometers south of Telegraph Creek in Northwest British Columbia and approximately 26 km northeast of the Galore Creek property in which Teck holds a 50% interest.

Under the agreement, Teck will make an initial $20 million payment to Copper Fox and has committed to make two additional $20 million payments, the first following a decision to bring the property into production and the second following the completion of mine construction. Teck has also agreed to fund the first $60 million of costs of the joint venture prior to a production decision. If costs exceed $60 million, Teck will fund Copper Fox’s 25% portion of additional costs. Any additional Teck funding on Copper Fox’s behalf will first proportionately reduce any milestone payments owing, and thereafter will be made by way of loans to Copper Fox.

This agreement replaces the 2002 option agreement between Copper Fox and Teck under which Copper Fox earned an interest in the Schaft Creek property. The property is subject to a 30% net profits interest in favour of Liard Copper Mines Ltd, and portions are also subject to royalties to other parties.

Teck is planning a 10,000 meter drilling program during the 2013 field season focused on exploration, potential resource expansion and geotechnical controls. Any subsequent expenditures will depend on a variety of factors including the results of this season's drilling combined with earlier project work, assessment of project economics and Teck's other capital requirements.

About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Further information about Teck can be found at: www.teck.com.

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You see...Teck's coments ended on "expenditures" and the 3x $20 million payments.

Look at Copper Fox NR

http://copperfoxmetals.mwnewsroom.com/manual-releases/2013/07/Copper-Fox-Metals-And-Teck-Resources-Form-Schaft-C

Vancouver, British Columbia -- July 16, 2013 -- Copper Fox Metals Inc. ("Copper Fox") (TSX-V: CUU) today announced the formation of a joint venture (the "Schaft Creek Joint Venture") with Teck Resources Limited ("Teck") to further explore and develop the Schaft Creek project located in northwestern British Columbia, Canada.

"This partnership is a key milestone for Copper Fox Metals and reflects the spirit of the 2002 Option Agreement with Teck," says Elmer Stewart, President and CEO of Copper Fox. "We are pleased to have Teck as our partner and look forward to the next phase of our relationship. The terms of the Schaft Creek Joint Venture Agreement reflect the advanced stage of the project, and with Teck's expertise in the development and operation of large mining projects and strong commitment to responsible mining we are confident the Schaft Creek project will continue to benefit the Tahltan people, local communities and shareholders.

This agreement gives Copper Fox immediate access to funds and a viable partner to continue the work we have done on the Schaft Creek property without diluting Copper Fox's 25% interest in the Schaft Creek Joint Venture. With Teck's agreement to fund future costs, we have reduced the uncertainty around Copper Fox's future expenditures for the project."

Dale Andres, Senior Vice President, Copper for Teck, commented "This agreement represents an important milestone for our relationship with Copper Fox. We are pleased with the progress they have made and believe they will continue to be a valuable partner going forward."

Terms of the Agreement

• The agreement replaces and supersedes the 2002 option and joint venture agreement between Teck and Copper Fox in connection with Schaft Creek.
• Teck will hold a 75% interest and Copper Fox will hold 25% in the Schaft Creek Joint Venture.
• Teck will be the operator of the Schaft Creek Joint Venture.
• Teck will pay a total of $60 million in three direct cash payments to Copper Fox: $20 million upon signing the Schaft Creek Joint Venture Agreement, $20 million upon a Production Decision, and $20 million upon the completion of the mine facility.
• In addition, Teck will fund 100% of costs incurred prior to a production decision up to $60 million; Copper Fox's pro rata share of any pre-production costs in excess of $60 million will be funded by Teck and the direct cash payments payable to Copper Fox will be reduced by an equivalent amount, and Teck will fund any additional costs incurred prior to a production decision, if required, by way of loan to Copper Fox to the extent of its pro rata share, without dilution to Copper Fox's 25% joint venture interest.
• On signing Teck will reimburse $3.93 million for Schaft Creek mineral tenure acquisition costs and costs related to Stewart Bulk Terminal land reservation agreement incurred by Copper Fox.
• Management of the Joint Venture will be made up of two representatives from Teck and Copper Fox with voting proportional to equity interests.
• Teck has agreed to use all reasonable commercial efforts to arrange project equity and debt financing for project capital costs of constructing a mining operation upon a production decision being made; Teck has agreed to fund Copper Fox's pro rata share of project capital costs by way of loan, if requested by Copper Fox, without dilution to Copper Fox's 25% joint venture interest.

Teck and Copper Fox's Interest in the Liard Shares

The shares representing the 78% interest in Liard Copper Mines Limited ("Liard") that are included in the Schaft Creek Joint Venture will be held in the name of Teck for the benefit of Copper Fox (25%) and Teck (75%). Liard holds a 30% net profits interest in the Schaft Creek property.

Summer 2013 Exploration Program

The Schaft Creek Joint Venture intends to approve a Phase I, 2013 summer program aimed at increasing the value of the Schaft Creek project. The program will consist of approximately 10,000 metres of diamond drilling and geotechnical studies. The objective of the drill program is to test the extension to the east of the mineralization in the Paramount Zone and to collect additional geotechnical information for ongoing pit slope stability studies. Drilling is expected to begin before the end of July 2013.

BC Hydro Agreement

In March 2013, Copper Fox entered into a Facilities Study Agreement with the British Columbia Hydro and Power Authority ("BC Hydro") to assess the electrical and equipment requirements to connect the Schaft Creek project to the forthcoming BC Hydro Bob Quinn electrical substation.

Joint Venture Agreement on SEDAR

The full terms of the Schaft Creek Joint Venture are set out in the definitive Joint Venture Agreement between Copper Fox and Teck dated July 15, 2013. A copy of the Agreement will be made available under Copper Fox's profile on Sedar at www.sedar.com.

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Look at the underlined bolded comment from Copper Fox. Shows what was agreed on in the JV etc.