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  "documentTitle": "Teck Resources (TECK)",
  "authorId": "04_Greenlight_Capital",
  "authorName": "David Einhorn",
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  "presentationDate": "2021-05-12 00:00:00",
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  "notes": "The table uses a standard NAV build-up approach for mining assets.",
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      "text": "With $4.50 copper, about what the current forward curve implies, the shares are worth $59 Canadian dollars, or almost double.",
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      "text": "Net Asset Value: 59.29",
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      "text": "With $4.50 copper, about what the current forward curve implies, the shares are worth $59 Canadian dollars, or almost double.",
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      "text": "Source: Bloomberg LP, retrieved May 7, 2021; Greenlight calculations.",
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      "text": "Net Asset Value (all figures in C $) Copper Assets - Proportionate Value 20,535 38.14 Metallurgical Coal Assets 13,532 25.13 Other Assets and Corporate 1,460 2.71 Gross Asset Value 35,527 65.99 (-) Net Debt (7,016) (13.03) (+) Equity Investments and NCI 411 0.76 (+) Est. Project Satellite Monetization 3,000 5.57 Net Asset Value 31,922 59.29 Current Share Price 31.09 % Appreciation 91%",
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      "text": "DCF based on $4.50/lb copper",
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