Hello Golfyeti,

Thank you for your feedback!

I agree the we have a lot of possibilies to improve the NPV. I believe Elmer mentionned years ago that 513M was the worst case possible to facilitate tecks decision.

The number I'm trying to crunch are based on the 2013 FS.

In a June 2015 presentation that I kept on my computer, there was a chart showing the Sensitivity of the NPV based on the exchange rate & metal prices.

The chart mentionned that the exchange rate was down 23% and the copper price was up 10% March 31st 2015 when compared to the base case.

When looking at the historical price of copper, the value was indeed higher in March 2015, but only when converting in CAD. This is why I'm still questionning if CAD should be used or USD.

I understand that the growth could be considerable... just trying the determine a easy way to calculate the NPV based on the 2013 FS with the current market economics, because this for me would be the absolute minimum value for Shaft Creek.

MoneyK