Total project equity buy-out (implied corporate transaction further down the track) is the end game IMO. I was surprised "TOTAL PROJECT" wasn't in bold type.
China has a fight for her life.
The Europeans value, pay and sell even hig-cost tier-2 assets like Iron Ore of Canada and ArcellorMittal's assets in Canada that would imply (a $21/T 800MT resource) at BILLIONS of $US dollars....
China valued Tonolili (relative rubbish) at $6B and Simandou (all dressed up with nowhere to go with monster $20B capex) valued at $7.2B.
Throw in a premium for regional consolidation (Core Mining and Afferro) and competitive "trumper" premium of another 30% and Matty's blueSky estimate could be quite down to earth.
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