"...I explained my price estimate last year here, and I still stand by it. I'd like more, of course, but that is my estimate. .."

Fair enough; but have you considered the data or info available since your last estimate? Especially BMO's estimate of a negative 4 cents production cost.

A back of napkin calculation seems to show that SC alone should be worth more than $2 that you estimated; here it is:

Daily capacity: 180,000 tonnes

Cu grade: .30%

Lbs CU at 85% recovery: 1,009,800 lbs

Daily CU at $3.5 /lb (ignoring the -$0.04 production cost): $3,534,300

Annual, assuming 340 days: $1.2 Billion

CUU's 25%: $300 M

Per share, assuming 406M shares: $0.74

Value per share, at PE 8: $5.92

Like I said, this is a back of napkin calculation. But it seems to show that CUU should be worth more than the $2 a share.

Surely, the pit issue etc. would have been factored into BMO's negative 4 cents a lb production cost. And based on CUU's projected 180,000 tonne a day capacity, $2 seems to be a bit low. NO? JMO GLTA!