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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: In Situ calculator
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What you say is correct RW..

But it is also true that you cannot ignore the insitu value because it is related to all of the other value measures

You cannot ignore the gross value of the identified pounds in the ground

It will drive, to some extent, whatever the buyout price winds up being

Of course it will not be 100%, but as the insitu value increases thru exploration, so will the buyout price, propotionally

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