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  "notes": "Includes tables for commodity price forecasts (Copper, Gold, Silver, Moly) and FX assumptions (MNT/USD, CNY/USD).",
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      "text": "Selected commodity price forecasts based on equity research analyst consensus forecasts\nWe believe this methodology is representative of that used by financial and industry participants in evaluating assets; management also utilizes analyst consensus prices",
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      "text": "Have utilized management's foreign exchange assumptions of 2,890 MNT/USD and 6.45 CNY/USD\nApproximately 20% of sustaining capital expenditures, 60% of development capital expenditures, and 20% of operating costs (excluding power costs) are exposed to movements in MNT\n100% of power costs until 2026 are exposed to movements in CNY (USD denominated from 2027 onwards)",
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      "text": "Source: Capital IQ, Company management, research analysts and Rio Tinto management",
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      "text": "FX assumption table showing 5-Yr Avg, Spot, and Modeled Flat for MNT/USD and CNY/USD.",
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      "text": "TD Securities' Macro Assumptions\nCommodity Price & FX Forecasts",
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