It only considers Sumitomo having rights to 30% of the total EBITDA, which I think is still accurate
Ahhh....I see you worked off the Sumitomo's stake which you have down accurately. OK, ok.
On another note, after seeing the jumps in incremental values at various $0.25 CU price increments, I can see how Ernesto will resist selling SC when LT metal prices used in these valuations are so disconnected from the current level of spot prices and their strong upwardly momentum. Just incrementing $0.25 from $3.25 to $3.50 adds another $160M on the value of our 25%.
Oh well, back to waiting, but if I am right on the direction of copper and gold prices over the next couple of years, CUU is money in the bank.