what is ph worth?, page-6

"For mine, they'll get $1B-$1.5B....at the very most"

With the cost of building @ $1.15bn, I doubt $1bn is in proximity of the very most they can get - I don't think they'd even entertain the idea of selling for less than cost of building it. Though can anyone cite/quote a precedent where this has happened, for a cash flow positive, low cost of production asset?

I don't think they'd get much of a premium though, so $1.3bn would be at the pessimistic end of my estimate. Remember this is a world class mine, so we've been told one of the best deposits discovered in decades. Also expected to be cash flow positive very soon, so wouldn't be a short-medium term liability like many other prospects floating around. Keep in mind if the site was wholly undeveloped, it would still have value, and likely cost > $1.15bn to develop (with no income during this period) - so why would it run at a discount unless truly a forced sale?