Posted this on LSE:
Mathmatics of Los Calatos:
100Kt for 34 years:
220,000,000 lb / year.
Using a spot price of copper $3 / lb, production cost of $1.06$/lb.
So $440,000,000 a year. $1.5 / £ :
£293, 000, 000 a year.
over 34 years pretty much £10B.
Taking £1-2B startup cost, split between open pit startup/ block caving(massive over estimate) £8-9B profit.
So is it beyond comprehension to be bought out for £200 -£400M? (10 - 20p a share), even 30p a share is still cheap!
Think it is very feasible!
Posted this on LSE: Mathmatics of Los Calatos: 100Kt for 34...
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