Chief Joseph,You forgot to highlight the sentence below:"...if...

Chief Joseph,

You forgot to highlight the sentence below:

"...if MCO can continue to achieve predicted grades and start milling on schedule..."

There's a BIG if there. And to it should be added "if MCO can manage to get 80,000 tonnes per year up a shaft that is only capable of 15,000 tonnes per year..."

My source at Woods Point tells me the decline is still a long way off, so unless there's some movement to upgrade the shaft to handle the required production rate, I'm afraid RCR's analysis may be found wanting.

Sorry to be the bearer of bad news, but sometimes some realism is required on threads to offset all the HYPE.