Exhibit (c)(vii)

Model Comparison – First 10 Years RIO TINTO MODEL (US$ MM) Total H2 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Net Revenue $31,884 $738 $1,407 $1,966 $3,288 $3,487 $3,675 $3,625 $4,639 $4,979 $4,082 EBITDA $22,472 $344 $501 $1,028 $2,276 $2,461 $2,657 $2,657 $3,638 $3,913 $2,998 (1) Capex ($6,566) ($910) ($1,346) ($862) ($645) ($476) ($409) ($585) ($509) ($447) ($378) Working Capital ($10) ($36) $3 ($7) $11 $2 $1 $2 $8 $12 ($6) Taxes ($1,546) -——————- ($537) ($617) ($392) Pre-Finance CF $14,350 ($603) ($842) $159 $1,642 $1,987 $2,249 $2,075 $2,600 $2,861 $2,223 TRQ MODEL (US$ MM) Total H2 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Net Revenue $31,527 $730 $1,430 $1,924 $3,226 $3,424 $3,612 $3,563 $4,585 $4,964 $4,069 EBITDA $22,419 $240 $512 $1,055 $2,287 $2,474 $2,664 $2,659 $3,640 $3,902 $2,986 (1) Capex ($6,566) ($910) ($1,346) ($862) ($645) ($476) ($409) ($585) ($509) ($447) ($378) Working Capital ($8) ($27) ($3) $2 $10 $1 $1 $3 $7 $2 ($5) Taxes ($1,574) -—————- ($49) ($541) ($606) ($379) Pre-Finance CF $14,270 ($697) ($836) $195 $1,652 $1,999 $2,257 $2,029 $2,597 $2,851 $2,224 RIO TINTO – TRQ MODEL DELTA (US$ MM) Total H2 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Net Revenue $357 $8 ($24) $42 $61 $63 $63 $62 $54 $14 $12 EBITDA $53 $103 ($12) ($27) ($11) ($13) ($7) ($2) ($1) $11 $12 Capex -——————————-Working Capital ($2) ($9) $6 ($9) $1 $1 ($1) ($1) $2 $10 ($0) Taxes $29 -—————- $49 $4 ($11) ($13) Pre-Finance CF $80 $94 ($6) ($36) ($10) ($12) ($8) $46 $4 $10 ($1) Source: Rio Tinto Oyu Tolgoi Model and Turquoise Hill Internal Model at street consensus pricing 1. Based on original 2022 capex forecast less actual capex spent to date as per TRQ management. PROJECT ASTERIX