aditya birla eyes $500m acquisition , page-9

Richrichie,

Two thing in that post that picked my curiosity.

1) ""Mr Kulwal said that if Aditya Birla bought an advanced project, it would be looking for something that could produce between 50,000 and 100,000 tonnes of copper a year and could be worth $200m to $300m.""

Geez, he dosn't want much. Does he !! He probably plans to get all of his investment money back in the first year of operation.

2) "" But a big run-up in copper prices to near-record levels of $US4 a pound has allowed it to restart the mine. Company shares rose 5c to $1.38.""

And here we have a company that is producing 50,000tonnes of copper concentrate per annum, and the sp is only at $1.38.

MMHHH, I am very confused.

Buddy