RE:RE:Copper $4.33what he actually said was there were more positives than negatives....meaning indeed metal costs, etc are going to increase the capex....BUT that is more than offset with better strip rate, higher metal prices, etc.
That to me means that the prior NPV curve in the 2018 presentation should look even better...meaninig at current spot the NPV would be around $5B. So we are trading at 4.5% of that.
most likely the updated PEA is going to show something like $7B at spot and $5B at long term metal...but just a guess and we shall all find out soon enough!