Yes Chappy, very rough numbers, and no problem making like a seagull and swooping in! Lol. Just don't steal my french fries at the beach like the birds or my CUU shares ;) It's good to poke at the weak spots in very rough numbers. Yes, I absolutely took a few liberties on the life of mine going from realistic to blindly optimistic, and using some old numbers for actual "metals recovered" as opposed to pounds in the ground.

I have a few other ways I've calculated rough numbers and will post later when I have more time, but a few questions I'm pondering in the meantime:

1) Will Teck give us much credit for "inferred" resources or just "measured and indicated"? Paramount being open at strike in a few directions and depth may give us a little negotiating room.

2) If we calculate 7B (M, I) or 10B (M, I, I) lbs of Cu, produced for $0 because of other metal credits, there is a big difference between the 7B or 10B when calculating NPV. Again, I'm a bit optimistic here because I'd think Teck figures they can increase our measured, inferred and indicatd in Paramount, even with a .865 recovery rate. There must be something to gain from Mike and Discovery too because they are nearby and should show some mineable mineralization, but again this is a wildcard so would be heavily discountd compared to what is drilled. 7B x $3.00 lb = $21B (which then needs to be discounted over the life of the mine and used to pay back the capex). 10B lbs? At $3 or $3.25 a lb?

3) CAPEX: why so high in my mind despite protests from management otherwise? The PFS had a capex of 3.7B in 2008. Add 10% for inflation the last 5 years, and 10% to get to 150,000 tpd from 100,000 tpd and that is $4.44B. On a 200,000 tpd operation I've added another 10% costs and rounded up a little to $5B. If they keep it at or below $3.7B I'll be amazed, especially when they are going to increase the tpd - as far as I know, mining equipment and installation has not gotten cheaper the last 5 years so even redesigns can't offset this. The higher capex is more than worth it however to up the tpd. Without question in my mind, especially if we have a higher grade starter pit like Elmer has tried to show.

I'll leave it for now ... so many way to look at this. I go in circles and really want to see the BFS to learn something about how the value this deposit :)