CIBC ....strong buy rating PT=6.00Price Target Calculation We derive our price target of C$6.00 using a sum of the parts on a weighted average of P/SFCF and EV/EBITDA analysis (40% each) using our NTM estimates and a mine-by-mine NAV (20% weight). We assign a 0.8x target multiple to our Copper Mountain operating/project asset NAV and our P/SFCF and EV/EBITDA target multiples are at 6.0x and 5.0x, respectively. Our EV/EBITDA calculation assumes net debt of 230.9 million