I did some Calculations on the amount of cash prominant hill would bring in using todays prices as a basis pre tax.
It will bring in $209,840,000 per annum.
Assumptions:
Copper Price $1.40 US
Gold Price $970 US
Cost per pond $0.80 US
Estimated Production:
Copper 100,000 tonnes
Gold 80,000 ounces
Yet banks arn't happy.
We sure live in a different world now than we did a year ago.
I agree BHP would not want the Chinese getting two much control of Base metals but whether they would be interested in bidding is debateable.
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