https://www.copyright link/street-talk/glencore-sells-csa-copper-mine-in-nsw-for-us1-1-billion-20220317-p5a5ml
Over $1bn plus a royalty - for an asset that will earn less than AMI this year
And significantly less once Federation kicks in
This should lead to a re-rate
Or widespread agreement that the SPAC promoters are just in it for the ‘free’ slice of equity
https://www.copyright link/street-talk/glencore-sells-csa-copper-mine-in...
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Mkt cap ! $321.3M | |||
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