valuation based on recent news, page-3

Great post Bluebottle

Anyone that thinks there is not a good resource here needs to be smacked around the face with a wet fish.

'Key points about Calatos,

1 Drilling of an obviously large system, a big footprint, has hardly started, the current resources (mostly Inferred) based on only 21,000m drilling.

What resources after 70,000m? after 150,00m??

Well known Cu porphyries occur in belts. And LC sits smack in major belt, 2 large mines (and 3rd coming at Quellaveco) one way and one large mine the other way.

All with multi billion tonnes resources.

And, two, LC is in outstanding location to build a mine. This is a crucial advantage these days.'

Newminer1000