This has to be a perfect opportunity to slowly accumulate more MNC. Don't be confused, just be patient because:
1) Los Calatos is a project of National Interest for Peru.
2) Average US$1.12/lb cash operating cost net of credits (costs are in the lowest quartile of global producers of copper)
3) 34yrs life of mine
4) China demand continues to remain robust
Sure, no one likes waiting (investors are generally an impatient mob), but this project is too good to not go ahead and there appears to be much interest in Peru. I'd suggest a deal will be done and the return to the shareholders in MNC will be worth the wait.
Above is only my Opinion, please DYOR.
cheers, GolfR
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