From the history

“Teck Corporation i n December 1978 acquired from Hecla….Work by Teck on the combined properties i n 1980-81 included an induced potential survey and
25 774 m of diamond drilling i n 126 holes. Reserves were reported as one billion tons a t 0.30% Cu, 0.034% molybdenite, 0.004 oz/t Au, 0.035 oz/t Ag (Teck Corporation, 1981 Annual Report) .

Interesting to note that our resource is much the same today.

Questions for the show

Its been stated that it is anticipated that the CapEx will be similar to the Pre-FS. Are we still on track for that or has it increased?

Similarly with OpEx. Can we expect a similar number to the Pre-FS.

Valuation

I’ve ran the numbers conservatively thru the estimator on two separate occasions without Ag on M&I only.I’ve figured ~ $5.70.

None the less, I’ll side with Prospekt on the cautious side and set my expectation at anything around $3.

JMO

Come on year of the Dragon, bring some good luck to us all!