Bender67 et alGood commentsYes MNC esp with good JORC resources...

Bender67 et al
Good comments
Yes MNC esp with good JORC resources at Mollacas and Vallecillo has various options in advancing overall project portfolio, in funding ongoing work at Los Calatos (LC)?.
Interesting to note there are two markets.. the sharemarket.. and the asset market, ie market for undeveloped Cu deposits like LC, and this market rolls on, thus note deal couple days ago whereby Minsur sub in Peru are paying around US$500m to buy 70% of Mina Justa IOCG deposit (much smaller than LC), paying about 25c/lb planned reserves or 10c/lb Cu in resources.
And have been string of other deals in recent years, including lately Mitsubishi paying US$825m for 18.1% of Quellaveco (in hills behind Los Calatos), ie paying about 30c/lb CuEq in reserves / 17 c/lb CuEq in resources.
Key points now:
• On EV per lb CuEq or Cu in resources it is relatively cheap, as brokers remind us.
• MNC’s LC is one of the largest unpartnered undeveloped Cu deposits in world, period.
• Thus LC is in a vg location to actually build a mine, meaning easier permitting and also lower capex than if located in remote mountain area. This is very important. Many other large undeveloped deposits have major obstacles to development.
• Peru is vg jurisdiction. New President has proved sound? Recognises that Peru has chance to join Chile as a cornerstone supplier of copper to the world and capture local important benefits of this growth, as Chile has done.
• Asian offtakers, for example, operate with long time frame and are likely to recognise appeal of LC, that it is large, in a good country and in a good location in that country?