It was 1.2B US for 30%, but you can't compare that directly with 25% of SC.

At the end, Sumitomo will have paid about 30% of capex for a 30% ownership, but at production stage, meaning their investment is not sleeping.  QB2 should provide about a 13%-15% IRR at $3.25 copper.

Anyone buying our 25% would get a similar IRR if not better for its share of capex, but who knows in how many years?

NPV is a good metrics, but the closer this gets to production, the more other metrics (e.g. EBITDA, IRR) might be more pertinent.

30% of QB2 sold for like 150%- 200% of the NPV, so that metrics was not very relevant it seems.

MoneyK