Yeah, a PEA is a world away from a FS. Argentina has a lot of geopolitical risk too. They are prone to nationalizing things, not copper yet, but their PM recently said he wanted everything processed in country or some such thing. Plus, they don't have a lot of water.

By the time they get around to mining, it won't look like the same project.

Shares in LCC hit a high of around $17.25 during the fervour in 2012. They sold now for $10. So that was at 58% of their all-time high.

If we take that and look at SC we get a buyout price of $1.57. (Our all-time high was about $2.70 and 58% of that is $1.57.)