No thats incorrect guys. vallenar does have some infrastructure at the plant level. Belsalco and Vallenar were arguing over what equipment belongs to who. We do not have just an open pit guys.
Also. There are a lot of start up iron ore miners in Australia still valued around 20c a share without mine infrastructure even in place and no a capacity to start production until they capital outlay. eg Ferous.
even icreasing the JORC resource from a drilling program will increase value.
going back to production based on a profitable capacity will do that too.
The mine itself is still worth around $100 million+ based on market value if you do the numbers.
Rincon was only a shed sitting next to a brine lakes. with Huge JORC resource.
JD
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