Game changer alright !
Multi $Bn project just 10km away. I am amazed we didn't hammer past 1c on this news
https://www.google.com.au/amp/s/www...06/17/a-closer-look-at-vales-salobo-mine/amp/
"The Salobo copper mine is perhaps Vale’s most valuable base metal mining asset, which not only accounts for the bulk of the company’s copper ore reserves, but is also a source of additional revenues for the company through Vale’s streaming agreement with Silver Wheaton for the gold by-product produced at the mine."
"the Salobo mine is also the subject of a precious metal streaming agreement between Vale and Silver Wheaton. In 2013, Silver Wheaton entered into an agreement with Vale to purchase 25% of the life of mine gold production from the Salobo mine. Silver Wheaton made an upfront cash payment of $1.33 billion in order to secure rights to the streaming agreement.Earlier on in 2015, Silver Wheaton acquired rights to purchase an additional 25% of the life of mine gold production for an additional $900 million.Under the terms of the streaming deal, Silver Wheaton pays Vale the lesser of the prevailing market price or $400 for each ounce of gold purchased, subject to a 1% annual inflation adjustment starting in 2016."
"Salobo copper mine represents the largest copper deposit ever found in Brazil. The Salobo mine accounts for roughly 80% of Vale’s proven and probable copper reserves of approximately 1.45 billion tons."
- Forums
- ASX - By Stock
- Ann: Salobo West Exploration Licence Granted in Carajas Province
Game changer alright ! Multi $Bn project just 10km away. I am...
-
- There are more pages in this discussion • 129 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTM (ASX) to my watchlist
|
|||||
Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $168.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4192 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 2276 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 31883 | 0.335 |
4 | 31225 | 0.330 |
3 | 36150 | 0.325 |
5 | 27725 | 0.320 |
2 | 7108 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 23284 | 5 |
0.350 | 78572 | 6 |
0.355 | 6150 | 1 |
0.360 | 6150 | 1 |
0.365 | 57873 | 1 |
Last trade - 10.00am 22/07/2024 (20 minute delay) ? |
Featured News
CTM (ASX) Chart |
Day chart unavailable