We wont even get 10% man.....see this is why the In Situ is such a dangerous thing.

Heres 2 sobering facts for everyone who seems to think that this In Situ calculator will have anything to do with our overall buyout price.

We Will probably see .03-.04 cents per pound of copper we have, and thats for the whole deposit. The portion that will attribute to our buyout will be 25% of the total...unless Teck leaves us with more.

We will probably end up seeing more money from our gold attribute to our buyout than from our copper.

In Situ will have zero effect on the true buyout price. Dont ever believe that In Situ and true value are the same thing because they are not.

Heres one more sobering fact;

The NPV of a project is a far more accurate way of calculating the value of Schaft Creek than In Situ, although it is not the only way to calculate the value.

Im sorry but anyone hoping for $10 + buyouts.....guys its not going to happen. Not to be negative, just realistic.

Lesson for anyone interested in becoming an investor, or a speculator in junior miners...you will never recieve full value for your metal in the ground. You will recieve a portion and thats it. In Situ does not calculate anything other than the current amount of metal known to exist at todays price.

Mind you...if anyone could get some fairly accurate figures at what price these metals are going for in a buyout we could probably come up with a very realistic number for our buyout.

Rogue,