LOL, well im def no lawyer, and its ALOT to read...however it looks as thought we wont be getting any lump some payments till a production decision is made...

Acquisition of Interest. (a) Teck hereby covenants to Copper Fox that: (i) concurrently with the entering into of this Agreement by the Parties, Teck will make a cash payment of $20 million to Copper Fox;

(ii) subject to §4.2(b), Teck will make a cash payment of $20 million to Copper Fox within three Business Days of the Production Decision;

and (iii) subject to §4.2(b), Teck will make a cash payment of $20 million to Copper Fox within three Business Days of the Completion Date. (b) Teck hereby acquires, in consideration of its commitment to make payments as set out in §4.1(a), an unconditional 75% Direct Holding in the Property which, together with the share of the Indirect Holding it will retain under this Agreement, comprise an unconditional 75% Interest. 

As well, it seems Teck is withholding up the yearly programs...BARELY

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 00234465.5 20 §4.7; 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.  

Again, I am no contracts expert and was hoping to see ANY sort of conclusion date or anything that would suggest a timeline that might force Tecks hand to make some sort of decision... Unfortunately, it would seem that they are able to just spend the minimums indefinitely.  Doesnt even actually say they MUST provide a decision...just that they MAY make a decision....could be in 5 weeks, or 5 decades, or even never... They sure know how to put us in a pickle :/

14.1 Production Decision. The Management Committee may make a Production Decision based on a work plan and budget (a “Production Plan”) prepared by the Operator and approved by the Management Committee and based on an approved Feasibility Study with such modifications, if any, as the Management Committee considers necessary or desirable.