Seems like the price for Northparkes was above the expectations of some. Can anyone offer a comparison of Boseto vs Northparkes?
interesting quotes there gocu:
http://mobile.reuters.com/article/idUSL4N0FY0KD20130729?irpc=932
"Copper is seen as one of the preferred commodities by the investment market... Obviously the Chinese are taking a view on the copper market as well" said UBS analyst Glyn Lawcock
The price was better than analysts' valuations on Rio's Northparkes stake at around $400 million, excluding potential new resources. But analysts had said the company would look for between $750 million and $1 billion.
I wonder if DML can pull it together in this quarter...
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