If copper price goes much higher i.e. $3.20 then a potential buyer could cover downside risk with long term put options. Seems like someone could hedge bets in the short term and lock in value so long as there is good upside potential with the grade and new exploration targets. If IGO are paying up to $35M for exploration, surely they could pay an additional $12M for the remainder of the 70/30 deal + another up to +/-$50M for the cost of developing a new mine. Seems like a no brainer. Unless of course both Pattersons and the Copper price are shotty. But why get in to copper then? Something surely must be in the pipelines. Even if its a bad deal, there must be a deal coming at least. IMO
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