RE: Long term Copper price15 Mar 2022 17:09
re If the valuation is done on the Valmin method, as per the buyback agreement, then an important additional factor is recent deals. Have a look at the Josemaria sale in December 2021. This was for similar grades to BR, but a larger in-ground amount than what is probable for BR. However, it is at 4000m altitude in the High Andes, in a seismically active area, seven hours from the nearest town with very limited infrastructure. Its also in Argentina, which isn't the best jurisdiction.
Purely for the sake of balance Steve, should we also assume that many costs, such as wages, plant etc would be significantly lower in the Argentinian mountains?