Looks pretty good to me:
1) Strategic - could lead to further assets in Chile
2) Recent discovery - being one of Codelco's more recent discoveries presumably leaves more potential for unrecognised upside
) Price - we are only paying USD23mm for past work, ie for 60% of the deposit
Us loaning money - well how times change, but that will be sometime down the track no doubt.
I guess that we look to be carrying PAM for 10% might be a slight negative, but pretty trivial.
Only upside possible, so little committed.
I guess we"ll have to wait for the PFS results next Q for any capex/opex guidance.
EL
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