Fin Review, page-3

I agree I think they'll make the $3.5B to $5 capex target. Then whether you go 0.75% - 0.9% Cu (eq) is about NPV and IRR optimization not being called a Tier 1 (by Richard Schodde or anyone else much as I respect him).

Anyway any geologist knows that when you go from resource to reserve your grade goes up because you exclude waste and probably marginal tonnes. The ore body is a beauty and I don't care wether it's called Tier 1 or all but Tier one.

Anyway that point about Cu (eq) is hugely important if your're using it as a benchmark it comes from the price you use for Cu & Au (always in fine print) and then theres recovery. That report is great but it's what you get when you get a hugely experienced geologist trying to simplify it for a reporter for mass consumption. Peter Kerr is a particularly good one BTW.

Bring on the PEA. We S/H like to look at $ or pot'l $.