qausar,
I think what you really need to do it look at the deposits themselves to make an accurate comparison.
If you want to compare Perkoa and Citronen you need to compare a number of areas:
Geology:
- Deposit size
- Grades
- Metal tenor
- Associated metals
Which will ultimately impact on:
- Strip ratios
- Milling costs
- Recoveries
- Throughput
- Mining costs
And also need to consider geopolitical risk of country operating in, proximity to infrastructure.
There are so many more variables that you haven't considered than simply comparing 27% of Perkoa purchased for 12 million.
One other point to consider, is that perhaps Glencore actually got a really good buy, and if they wanted to make that same purchase in todays market it would cost them a lot more.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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25 | 29596533 | 0.2¢ |
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Price($) | Vol. | No. |
---|---|---|
0.3¢ | 2799186 | 4 |
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No. | Vol. | Price($) |
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25 | 29596533 | 0.002 |
10 | 10900488 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2799186 | 4 |
0.004 | 33581789 | 20 |
0.005 | 2500000 | 4 |
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