All you can say is WOW. Significantly profitable from day 1....

All you can say is WOW. Significantly profitable from day 1. Even in this climate with current prices.

What can you say . Strip ratio of 2.3 simply amazing , payback in only 2.3 years. free cashflow over life of project of C$6 billion . Almost 75% recoveries on AVERAGE feed grades of 1.36% 6% concentrate grade...... that's on AVERAGE annual production of 300,000 tonnes resulting in a post tax NPV of C$2.187 billion.

I note that this DFS is priced in CAD & USD only , and which is significant in that its obviously priced this way to pitch to attract a North American partner.

Pre production period of 3 & a quarter years at a initial cost of C$962 million.....so right away based on the existing project structure , Quebec would be up for its share of C$384.8 million . Wonder when we are likely to get some of this given the pre-production period is only 39 months starting I guess NOW.

Lovely set of numbers and a lovely day. And presto there is our 7 cent marker earned back just like that......

Will continue to digest the rest of it , but that was just on first glance over.