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Message: Takeout Example #1 (Arequipa)

bow2u

Perhaps accurate is not the right choice of words. I am only referring to your SLI equivalent price. Agree it is base on outstanding shares and understand your focus is price/os in the ground but you are incorrect when you talk about SLI equivalent price.

SLI equivalent price is based on your numbers but MUST also take into account estimated oz in the ground at Tesoro. I used 100M oz as an example but feel free to use any estimate you feel is reasonable.

Your version of equivalent SLI SP as you have been posting is very misleading.

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