Also, I was thinking about question 5:

Question 5

5) What is your opinion regarding the evaluation of Schaft Creek in terms of monetary value? The improvement in NPV? Real options Case?Unfortunately I am not allowed to comment on these matters. If you look at comparable transactions for large copper projects (in the past) Schaft Creek is worth more. The current market is very slow which strongly suggests that now is not the time to think of selling our interest in Schaft Creek, after the 2013 results are known and if the valuations pick up, then would most likely be a better time to)

When actually looking at "comparable transactions for large copper projects" is Elmer talking about these below?

1) Las Bambas in Peru- Glencore

2) Cobre project- First Quantum

3) Quellaveco- Misubishi takes 18%

If these are the comparable projects which sold for billions this is a great feeling as according to management "Schaft Creek is worth more".

Any thoughts from others regarding this belief? Please provide your input. Thanks