Was gonna start a new thread on this topic but its actually related to the ROFO thread started by jafcan.

I'm guessing that there must be a couple of different spreadsheets in existence for Schaft Creek's worth. Teck has their own and CUU has theirs. CUU's may have been compiled by TectraTech when they did the BFS, which is perhaps why CUU will consult with them when the optimzation results are in. With so much $ potentially involved I know I would have my own spreadsheet done up where all I have to do is enter values for forex, metal prices, recoveries, etc. and be able to generate a snapshot valuation for Schaft Creek on demand. Such spreadsheets will also adjust for a bigger deposit if the waste in the pit becomes waste-not.

If I'm correct, then these spreadsheets will be updated with the optimization results and both sides will have their estimates of a fair price for Schaft. Perhaps some of the longs here have their own as well.

Such calculations will be a big part of the ROFO phase, which will hopefully happen......soon.

K