Copper Fox Metals Inc.

If include exploration potential, reduced operating costs, exchange rates, higher recovery rates, longer mine life, future metal prices during production years, etc. So when realizing the true SC economics factoring everything above at the 5% rate and ROV case we are looking at an NAV of over 8 billion or higher potentially.

I can't get to that kind of NPV without a near doubling of the tons per day production. The only factor you didn't include above. Not saying the mine couldn't be that big, I think it could with more proving up, but it is "stretch" that I am not prepared to place much thought or hope into at this stage.