the initial reaction from pessimists explains to me why this stock is trading 4x off its actual NPV based on current copper prices.
so it reads that the company pulled out of the deal because the yields on the bonds were probably unrealistically high given risk free rate of return on government bonds.
oh well, we'll find another way. end of the day bond yields will be dropping latter half of the year so get some expensive debt now and refinance it later..
Ann: Nifty Copper Project Restart Financing Update, page-83
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