If Teck would bring us to production (which probably won't happen), after payout, based on 830M CA net cash flow, we would receive 208M CA per year.

Assuming 12% tax rate, that would leave us 183M CA/ 475M shares = 0.38$ CA per share.

In normal market conditions, we could expect our share price to be anywhere between 5 and 15 times the EPS.

That would reflect in our shares being valued at 1.90$ CA to 5.70$ CA when copper at 3.25$US.

Can't imagine the numbers if copper moves to 3.50$US - 4.50$US a pound.

MoneyK