I'm querying why Strike doesn't seem to have any valuation or has minimal based on its 100% interested in the Apurimac Iron Ore Project in Peru.
Keep in context four items:
1. Peru mining minister and government doing whatever they can to increase mining in their country (refer to recent announcements);
2. China doing whatever it can do decrease reliance on Aus iron ore;
3. Cost of renewable energy becoming absurdly cheap enabling large off-grid power stations required to facilitate processing of magnetite ore;
4. The ore body is massive, with a relatively high magnetite grade.
While I understand Strike doesn't have the funding to bring such a project online, does anybody know the context of why they haven't looked to partner with a bigger provider to bring such a project to market?
A company with such a project producing would demand a market cap north of a $billion.
What am I missing here?
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