Proactive Investors Interview with Julian Hanna, page-15

Yeah I used $1.60 margins but close enough. Roughly on the same page.

Agree with your conclusions:

1. It shows how good a project MOD really is
2. I can't see any way moving forward Cu doesn't move higher unless demand really pulls back which seems unlikely with China/India moving up class structures and electrification of the globe. It's why we need MOD to get drilling.

This will sound like a ramp but the company has the potential LT for a $1bn tag if they can drill this out to be a real province.