I think you completly missed what I said. I was defending the previous evaluation because that is exactly what we did on the SC one (this method. not others). It was Value = LBS of copper * Copper price / shares * percent of project owned (if applicable). This valuation which was done and what we were discussing has abosolutly nothing to do with the FS or PFS

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Fair enough, I did misunderstand you. Sorry about that.

Regarding nopoo's post, I think you started the copy and paste too late in the post:

• Some argued that 10% was too high, depends. Good times like 2003-2005 it sure wasn't.
  
  Today? Definately too high.
  
  "Proven and Probable Reserve of 940.8 million tonnes grading 0.27% copper, 0.19 g/t gold, 0.018% molybdenum and 1.72 g/t silver; with contained metal of 5,611.7 million pounds of copper, 5.8 million ounces of gold, 363.5 million pounds of molybdenum and 51.7 million ounces of silver." Theres $16 billion worth of just copper at todays spot. CUU owns 25% of that. 414,000,000 shares osfd.
  
  25% of $16b = $4b
  10% of $4b = $400m / 414m osfd = .96
  CUU is trading at .105.

I for one would like to know what the "Today? Definately too high" percentage is.