RE: Solg Offer20 May 2019 14:27
Well bear in Mind, there are not many Tier 1 reserves found in last 5 years. BHP paid 45 p before PEA and at that time company was valued at 1 Billion dollars.
4.5 Billion spent, you have a mine life of 50 + years and a cash project from year 4 onwards. I think if you see the graph we would be making more than 300 - 500 million a year as a free carry for 20+ years...
Also the demand for copper is going to grow. PEA is based on MRE2 (7 months old) , since then we have dug up more then 60,000 meters.