Best thing is that Teck does not back in.

Just the initial RE is 60 Billion no counting the extra zones and current 2011 assays.

400 million shares / 60billion = $150

$150 *10% = $15

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But Teck will back in...

So 400 million / 60 Billion = $150

$150 x 25% = $37,50

$37,50 x 10% = $3.75 (minimum minimum minimum) still a short term 3 bagger.

Then you add the the news zones....the Teck agreement value (paying 4x expenditures and funding of the mine)

Just think what will happen to the SP when the BFS comes out and then when Teck elects to back in....

All this as we get more assays...and EA work.