Early1 wrote:"No wonder why it is not a 50/50 JV... Not because...

Early1 wrote:
"No wonder why it is not a 50/50 JV... Not because it is unfair on SPM, but because it is unfair on us!!!

SMP - $40 million
CSD - $122 million

Difference: 82 million!!!Bookmark and Share"

NPV @ $120 million WOW!!!!
This is what I was wondering way back,why SPM wasn't making a bid? may be waiting PFS and to make sure the project is positive?but why would you buy a mill for $40 million then if something is unsure yet?.
Now NPV @120 million,stronger tin price and weaker Aussie dollar that all add the value to CSD......now leaves SPM to decide what action to take,to match the $$$ or launch a bid,if bidding at 20 cents that still 50 % cheaper.
Does this make sense to anyone?I am sure SPM is working on numbers right now and they can't walk away from this.
We love SPM and Mr Tong is a very nice gentleman but this is business.