I forget who was coming up with US $500M (~ CAD $700M), maybe it was ebitda, but anyway its a whole lot more now.
Table 4-22 from the 2023 PEA shows that for every one dollar increase in Moly price per lb, SC's after tax NPV goes up by US $40 million. The PEA uses $10/lb moly. Moly is currently $43.54 per lb. for a $33.64 per lb difference.
So, the increase in SC's NPV if just we used moly spot instead of a way outdated and out of line LT average used, then we get 33.64 X US $40 million =
US $1,345,600,000 increase in SC's NPV
...just the moly value increase represents about an additional CAD $0.82 of NPV per CUU share for our 25% of SC (US 1.3B X 25% / 550M X US/CAD)
Our patient billionaire backer might just be a misunderstood genius!