If you mix NPV with Real World you get my $7.87. Things have changed like the price of copper and bank liquidity. Also now we have the new breed of QE coming on all fronts. I'm thinking we are headed back to my mark. The failed deals and closed mines will help alot. The pie in the sky BFS's we've seen and the ones we know are coming will also help. Right now we might see $4.50 but after the mental masturbation by the salivating politicos in the USA who are fantasizing about their versions of the fiscal cliff we might move higher. We just need to see how much gap there could be in copper demand to figure out what Teck will pay. If we can turn in an 18.8% IRR what would shore up the fear. One really good thing that doesn't get a lot of credit is the strength and length of the starter pits.