irn copper valued at 2c per pnd in the ground

A reminder of an article posted by someone a short time ago.

"While it will take time for any deal to be reached, it could well be worth the wait given the sheer size of Tampakan - a likely $US5 billion development capable of producing 340,000 tonnes of copper and 350,000 ounces of gold annually for more than 20 years.

Indophil's current market capitalisation values its share of Tampakan's riches at all of A2.2¢ a pound of copper in-the-ground.

That is a fraction of the A7¢ a pound implied in recent copper asset deals elsewhere in the world and the A20¢ a pound that Xstrata - it's got 62.5 per cent of Tampakan - is considering accepting for its interest in the El Morro copper project in Chile from Chinese interests.

Indophil chief executive Richard Laufmann isn't giving anything away on the Tampakan sale process.

But it's worth noting that Laufmann's new business cards are double-sided affairs, English on one side, and Chinese on the other."