$3.25 copper price is the highest forecasted long-term price I have seen used in any recent feasibility studies and what analysts are using in their own valuations.

Teck was ok with this price because they are forecasting even higher prices in the next 10 years. And Teck is not alone in this assumption. Other CEOs of large copper mining companies are saying the same thing. What does 4 -5 dollar copper do to our BFS numbers? But aside from the metal prices they used why are the lowest recovery numbers used in this study when we had higher recoveries demonstrated in some metallurgical studies? What does a 5 -10% improvement in recoveries do the the numbers? And then there is of course the 171M tons counted as waste so that pushes up our cost per lb.