Another advantage with this CR is it buys optionality to monetize 20% of Woodlawn down the track when annual throughput is running at 1.35 mill tonnes vs the current 850,000 tonnes per annum nameplate capacity.
Combined with potentially even higher copper and zinc prices, a stake that could currently fetch (say) $120mill could easily turn out to be well north of $200m, conceivably within a 2-3 year timeframe.
Commodity price booms are notorious for bringing eye watering premiums on mining asset values, especially those with proven long mine lines. Think most here would agree Bill knows a thing or two about selling overvalued mining assets
DVP Price at posting:
$5.10 Sentiment: Buy Disclosure: Held
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