Interesting that this release is marked as "Price Sensitive". Ore reserves (first time assessed) are greater than 700Mt, with greater than 3Million tonnes of included Cu. That is worth about USD$30Billion at current market prices (S32 has 45% share). Of course average grade is not high and mining will occur over decades. S32 and operating partner are currently planning moderate (+25%) short term expansion. But the "price sensitive" question arises: A. Is it price sensitive because it is the first determination of a resource? or B. Is it regarded as price sensitive as S32 regards Sierra Gorda as becoming an increasingly profitable long-term operation material to the company?
S32 Price at posting:
$3.10 Sentiment: Buy Disclosure: Held
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