I should add that many are using $3.75 as the forward price. We should see this in our cases valuation. Gold is expected to be $1345 and moly is supposed to rally over 2 years regaining it's price. The 20 year base of $2.50 still holds for most FS studies as the rock bottom. They say that below that you couldn't mine it. That takes into account falling capex due to steel, labour etc.