AW1 General Chat, page-791

Here's an interesting read from a poster on the BAY ceo.ca forum. Hold onto your hats (or rather stock) guys n girls.

From BAY (BenjaminCox)...
If these assays come back strong, there is no way this asset does not trade as a whole for $1b+.
I spent a lot of last night mapping the possible outcomes, and I am super glad I still have a bunch of paper. This is precisely what the majors are looking for, and 20% of this is exactly what the Saudis and the other Middle East players are looking for.

The weird bit is that nothing comparable has sold in the last ten years in Copper. Nada.

To get material bids, we need 6 mt of contained copper (Tier two majors), but 10x that could be possible (BHP/VALE/ANGLO/RIO/Glencore); this could be a 2-3 bt district @ 2%. If the model shows that it is possible, the majors will come knocking and take out Bay first; the question for me is whether Bay will build the SWF relationships to maximize the bid value.

100,000 tpd mine would be massive with these grades.

100ktpd would make this the 3 largest copper mine in the world. https://www.statista.com/statistics/267853/top-10-copper-mines-based-on-production-capacity/