RE: Morning all7 Jul 2025 19:15
The FACT is, BR is not economical to mine at today's high prices. I Know coppers above $10k, but inflation has caused everything to go up, including labour etc. So im sceptical that BR is currently economical and if it is barely economical, nobody will lay out 2/3 billion to build a mine in the hope copper prices are himgher in the future. The only value in BR, is to a purchaser with deep pockets, looking to prospect for a larger resource. Lets be honest, it's not the best resource, but the license area has potential.
What's the value? Well I don't see a cue of majors throwing bids at Colin. It's currently worth zero in my opinion, as it's only worth what someone's willing to pay, and no one wants it......unless colins hiding their offers?? Doubt it. Maybe there have been offers for 1/2/3 Million, but that would show Colin up as another bad deal.
It will be a mine...... Fact!
It will be sold......Fact!
It will be sold for more than we invested......fact!
It will be sold after many, many years of high inflation, looking like it's been sold for a profit, which it won't be when adjusted for inflation.