Cefa....Here is another calculation (assuming it will cost $10 billion, excorbitantly high a figure but let's accept it): It leaves $15 billion. The total # of shares on issue (again assuming all options are converted plus more shates are issued...) is 200 million. A simple mathematical division: Billion $15:200 (potentially) million shares on issue=$75 per share!!!!!!! Mindbogling! and that figure does NOT include all the new (and very high in Copper content (over 10% copper) discoveries to be drilled very soon....
Is it , or is it not, one the biggest ever Copper Projects in the World-Right in the middle of the Best mining region in the World, Right next door to Phelps Dodge......
One wonders why the name Phlps Dodge was mentioned so emphatically in yesterday's announcement..
Cheers, enjoy a great Friday:))
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
