LCL 7.14% 0.8¢ lcl resources limited

Ann: Funding of up to US$45 million for Los Calatos-MNC.AX, page-22

  1. 430 Posts.
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    Hope you are right. I am still not sure. Based on crude numbers the general view is the copper in the ground is probably (just as a resource) at 2-3 cents per pound so the value to me does seem a little low. I know the market is crap right now and beggars cannot be choosers but I value the copper as just a resource at around $150m+ so to me I would have thought $45m for 51% was fairer than the 70%. I could be completely wrong as this is just my opinion. Looking at the depth right now there is clearly a number of people are looking for an exit with the sell side increasing significantly so hope this is just a short term blip. Will you be opening the $4.50 bottle from Aldi today? Hope the UK like the news and can pull up the SP a bit.
 
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