RE:RE:RE:RE:RE:RE:RE:RE:RE:My two centsRio could have bought $1 for about a quarter with the Josemarie project. Based upon current spot...it would have been less than a quarter. Lots of examples where projects sell around 35 cents per NPV (or buying $1 for 35 cents as you imply). The big difference that you are not understanding is it's not literally $1 cash that they are buying...there is plenty of risk associated with that $1 they are buying. Agreed there is also upside opportunity as well...but it seems that 30-50% NPV is considered pretty normal in terms of a "fair" deal....