Sensitivity  Summary to Cu/Co prices and virtual acquisition cost
Changing
copper price $/lb	1.10	1.10	1.10	1.52	1.52	1.52
cobalt price $/lb	10.00	7.00	15.00	10.00	7.00	15.00
Result Cells:
IRR%	38.5%	28.4%	56.4%	70.2%	58.1%	91.9%
Cu/Co price	1.10/10$/lb				Cu/Co price	1.52/10$/lb
acquisition value MUS$ to Gecamines		142.3	410.0		acquisition value MUS$ to Gecamines		142.3	410.0
% entitled share of Gecamines		25%	49%		% entitled share of Gecamines		25%	49%
IRR%	30.8%	22.5%	14.5%		IRR%	60.7%	42.3%	27.7%
return on equity to KML		24.4%	16.8%
return assets transferred for GCM		-1.6%	4.8%
Cu/Co price	1.10/7$/lb				Cu/Co price	1.52/7$/lb
acquisition value MUS$ to Gecamines		142.3	410.0		acquisition value MUS$ to Gecamines		142.3	410.0
% entitled share of Gecamines		25%	49%		% entitled share of Gecamines		25%	49%
IRR%	21.1%	15.2%	9.2%		IRR%	49.2%	34.9%	22.9%
return on equity to KML
return assets transferred for GCM
Cu/Co price	1.10/15$/lb				Cu/Co price	1.52/15$/lb
acquisition value MUS$ to Gecamines		142.3	410.0		acquisition value MUS$ to Gecamines		142.3	410.0
% entitled share of Gecamines		25%	49%		% entitled share of Gecamines		25%	49%
IRR%	47.9%	34.3%	22.7%		IRR%	81.3%	55.1%	35.6%
return on equity to KML							79.2%	53.9%
return assets transferred for GCM							8.3%	19.1%
					metal recovery -5%	71.6%	49.3%	32.1%
					metal recovery -10%	62.4%	43.6%	28.6%
					metal recovery+5%	91.5%	61.1%	39.2%
					metal recovery +10%	102.4%	67.3%	42.8%