The company has a relationship with Teck, Canada's largest diversified mining company, can you explain the significance of this relationship to our readers?

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. The purpose of engaging Teck early on in the process of completing the feasibility study was to have their input into the feasibility study that is required to allow Teck to make their decision as to their participation in the Schaft Creek project. Teck’s experience in operating open pit mines of the size of that contemplated at Schaft Creek is valuable information that helps makes the feasibility study a realistic and practical study in the contexts of developing the deposit.

http://www.highgradereview.com/elmer-stewart-copper-fox-metals-tsxvcuu/

“If Teck elects to exercise its earn-back option,” explains Stewart, “it has the right to acquire a 20, 40 or 75 percent interest in the project but it has to do so by funding subsequent development costs to the tune of 100, 300 or 400 percent respectively of Copper Fox's prior expenditure—which currently is around $60 million. In other words, Teck has the option of investing anything from zero to $240 million. By the same token, the choice is one time only and can’t be changed at a later date.”

http://www.bus-ex.com/article/copper-fox-metals