RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:A False ComparisonMK your numbers would have no relevance in 2012 when the FS was being prepared and when I talked to Elmer about the upcoming 2013 FS that was being worked on. At the time, prior to its release he was telling me and others this nonsense. Furthermore your calculations do not account for other costs such as administrative costs, labour etc. ( the all in costs needed to run a mine ). You are just using extraction and processing costs in your calculations whereas I am using all in costs in my calculations according to the 2013 FS.
My conversations with Elmer involved these metrics. Needless to say they were vastly inflated to make the project look good to prospective investors. I remember Elmer telling me that the Copper would essentially be free when all the byproduct credits were factored in to the total costs. This was the substance of my conversation and the impression I came away with. I have no way of proving this to anyone since I don't have a recording of the conversation and I don't expect anyone to take my word for it. You can take away whatever you want. I don't really care either way.