MAAZEY. MY THOUGHTS are that Barrick is a gold miner , all their JV,s outside pure gold and there is only a few have a serious gold aspect . Los Calatos does have gold /silver/ rhenium credits but is a COPPER / MOLY play . Barrick should and will take a 7.5% to 10% interest in MNC for shares and can enjoy the upside .Barrick are committed to spend $10 billion in Chile alone over the next few years .It will give MNC the freedom to go for LC and bring in the 5 BILLION TONNE resource that i believe is there and the economics at plus $US 4 for copper are extremely positive .
MNC Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
