"DING!" I've just had a penny drop. It may be a blonde moment, but wait a minute, wait a minute, wait a minute.....
The CCP consists of E1Camp and Monakoff, correct? Thats a resource of 55mt for 472kt Cu and 394koz Au. That equals around $4.5b of Cu and around $.5b in Au. I know it's in the ground, but why would we get rid of an asset worth $5b if it was extracted and processed by us (if we needed to, for example) for a paltry $175m? Surely extraction and processing costs aren't that expensive? Are we going to say all our work to date is worth $175m?
How tight is this going to get? Someone please tell me I'm wrong. This project has got to be worth more than that!
EXS Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
