Exactly!!

Elmer already confirmed in last Q&A they will be using HIGHER metal pricing (most likely 3.75).

so your 1.45 USA is 1.82 CA per value....OUR BASE FLOOR!

These numbers don't include enhancements and changes to new economics based on 2021 data folks!

Also doesn't include potential & JV clauses!

$1.82 CAD is simply value from the already outdated peas....Elmer also confirmed...buyout value won't just come from reports!

Also note this $1.82 value is based from 70% of nav! I believe the company wants closer to 100%.

Again $2.50 in reach.