"Julius barring also states when a company can purchase a deposit for 10% in situ value they should buy every pound they can get and sell when markets justify 80%. In Canadian dollars looks pretty good. Some any lists are calling for 3.55 per lb. Copper exiting 2015 and 4.00 exiting 2016. In better markets this could fetch 20% in situ value. Were would that leave us?"

Im confused, who would pay 80% for in situ. How would anyone who bought it make money on that. 25% is extreamly high, as you still have to do all the "real work" and dig it up and so forth.