LCL 5.56% 0.9¢ lcl resources limited

good news (that we already know), page-16

  1. 60 Posts.
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    bill tells me he was at the show, yes the voice is long gone but check out the words and the band! like the tall young guy on lead guitar. bob's an unreconstructed old bluesman, like many old miners, used to many long cold nights under the stars, before the Chinese boat came in.
    and check out the numbers, mnc selling for about 9 c per lb cu equiv in resources BEFORE the B deal (ie allowing 49% of Calatos), or in line with market (eg Rex, Intrepid, and many recent Cu transactions), and thats with only a bit over 20,000m drilling into Calatos. not 120,000, 220,000m. And its before drilling Vallecillo, Camaron and Isidro in Chile.
    so now MNC "buys" 51% of Calatos for about 5% diution of issued shares.
    so the mkt yawns at the B announcement, and now mnc selling around 5-6 c/lb CuEq in resources?!
 
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