Ann: Board Changes, page-20

Northparkes is a joint venture between China Molybdenum Co., Ltd (CMOC) (80%) and the Sumitomo Groups (20%). CMOC spent $200 million extending the life of the Northparkes mine in 2019 and hasrecently expanded the capacity of the mill by 19 per cent. In 2021 CMOC production at Nothparkes copper/gold mine produced approx 30,000t of Copper and 26,000oz of gold. I used 365 day MA to obtain an average copper and gold price for 2022 and then one for last Friday's closing 365 day MA. This would give CMOC an approximate gross earnings of US$317m not taking anything else into account.
This would certainly be proportional and scalable to a Nifty valuation. Let's see what offers come for CMOC's potential sale of Northparkes should that eventuate. Citi reportedly could be handling the sale.