Copper Mountain C6C rumoured to be selling their 750,000 contained copper resource for $300m. To bring it to production will take a STAGGERING $850m in infrastructure for a 15 year mine.
As I said, looks like the market is generally valuing in ground reserves at around $500m for 1m tons ie WITHOUT infrastructure.
We have all the infrastructure in place and 1m tons at Nifty, but we are valued at $100m.
You have to be kidding !!!!
Cheers
Small cap copper sector action, page-9
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