RE:How does one calculate a $ 2.00 sp.
If you could more than double your resource, and have a water supply which you do not and cannot attain without major difficulties, reduce your time to production to nil (WPX already has these and you could be up and running whilst the environmental assesment on the existing RIO mine is being completed) as well as increase your ROI due to the need for a single capitalized facilty for the tripled volume at a reasonable cost...and elimnate any issues with mining your current properites.... what would you do?
Recognizing all the while your new mine will have a 100 year life.....