Plus the negative 32 cents was in a pre-feasibility study which can be up to 30% off anyway.

Also, the price of metals changed drastically between the pre-feasibility and the feasibility, which affected every project out there, not just ours.

I was just trying to work out the math on a yearly basis of return from the pre-feasibility to the feasibility and based on the difference in values on the metals the feasibility would generate $51 million less per year. Over the LOM that would be huge.

The drop in price of molybdenum almost single-handedly accounts for that loss per year.

Add to that the lower recoveries in the FS, from the pre-FS. We went from 88% copper, 82% gold, 72% silver and 71% moly to 86.6% copper, 73% gold, 48.3% silver and 58.8% moly. So not only was moly half the price by the time of the FS but also had a significantly lower recovery rate.

The biggest difference, of course, was losing so much material in the pit design.