The $-0.04 cost for copper mentioned in the presentation is definitely very positive for us. However, I'm hesitant to put a lot of weight on that number because the annual production number of 203M lbs seems off to me.

At an absolute minimum, we should be 20% higher than the PFS (120,000 tpd vs 100,000 tpd). This would put us at 253M lbs / year.

Using the 150,000 tpd indicated in the AIR, we should be at 317M lbs / year.

Using the 600,000 tonnes per year of concentrate mentioned in the AIR and the Port Agreement puts us at 448M lbs / year.

It may just be a case of underpromise and overdeliver, but I am still hesitant to rely too much on those numbers.