Hi guys,
some food for thought:
I remember Tony Sage saying that Lady Annie is worth around 250m$ when Copper prices were around 2.20 USD/lb.
Today, the Copper price reached a new high of 2.85 USD/lb which is a 30% rise over the past month.
Considering the appreciation in the Copper price, Lady Annie should be at least worth 30% more than what Tony stated previously.
Thus, current value of Lady Annie must be around:
250m$ * 130% = 325M$
Considering that this valuation is probably at the low end of town I could imagine that Tony's strategy to sell these assets by christmas will be a pretty good one.
Rising commodity prices will make this one hell of a deal in the upcoming month.
I am looking forward to receiving a nice, tasty dividend in the range of 100- 200 M$ which will total to around 20- 40c/share ....
100% dividend yield.
The market is simply too stupid to grasp that imo.
Cheers
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