RE: simple extrapolation from a newbieCHD 04/23/09 Feasibility (1 USD = 0.8197 CDN) reports @ 2.00 - 326.3M - 0.86 per share (FS study),
CHD 06/09/09 Feasibility w/ new US Exchange rate savings reports @ $1.93/lb of CU would have a NPV of 361.4 M for the newly adjusted figures or $1.10 per share (328.7M shares outstanding). @ $2.12/lb (Brook Hunt high est.) the NPV would be 469.3 M or $1.43 per share. The current price of copper is $3.20 +...so conservatively @ $3.20/lb of CU we see a NPV of 571.5 M or $1.74 per share. Chariot is current trading at 29 cents per share. As copper prices increase - the feasiblity increases exponentially. My guess is $3.25 average for June.