Ann: Request for Continuation of Voluntary Suspension, page-83

Based on the following statement, what is Morilla (not FFX - because of associated negativity) worth? Especially given that it IS a gold plant with a fairly decent resource??? Less than FFX MC of circa $240M??

"FFX has spent $300M. A new gold plant could have been built for that." - U38

Any thoughts? Not debating just a discussion point.

Personally I think the fact that the plant is old is counterbalanced by the gold resource and the MC is presently around par. With good management and production numbers MC goes north. Why not???