Barrick tells us they are paying around US$8000m for 5.7 b lb Cu in reserves plus 5.5 inferred resources, for 11.2b lb total. That?s about 70 c/lb Cu!! Allowing for resources growth at Lumwana, drops to around 50? Yes in production.
Current resources at Calatos? Around say 11 b lb CuEq? Valued by mkt at less than US$600m, allowing for value of Chile assets.
Barrick tells us they are paying around US$8000m for 5.7 b lb Cu...
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