The “right” deal might take various shapes. Key issue will be MNC retaining some significant long term exposure, especially given the l/t exploration scope. Talking 50ktpa Cu now but could easily be double that.
Less than 50% (which realistically will be the case) can still be significant, depending on funding terms. Thus ideally MNC would want its funding covered until decision to mine.
Reiterating, the Colombian gambit allows the Co time to get right Calatos deal?
The “right” deal might take various shapes. Key issue will be...
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