Using Shareknow.net and adding silver (about $1) minus adjustments gives us $59 a share.

Take 24% and you get 14.60 a share

add 65 cents for drilling cost

add 38 cents for the new results (size and grade improvements)

Silver $1

Total $16.63

This is more exact than the JB methode. It gives the real value. I used $2.50 a pound for cu, 1124 gold etc. Using prices that are in the middle of the accepted standard still gives us a very high price. To meet with others suggested price we'd have to assume gold at 500, copper at 1.90, moly at 8 etc. This does not include Rhenuim. There is about 500 million to 1 billion worth! ($4400/pound)

This is why I think Teck will want to slice it up. The start up cost is getting out of hand. But what do they do? They want it all and will want First Right of Refusal.