GREY:LCPRF - Post by User
Comment by
suscenon Oct 02, 2013 2:47pm
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Post# 21785331
RE:Redmetal
RE:Redmetal Lumina Copper (5,00 cad) - a recap of what we know :
- Owner of the Taca Taca project (Argentina), the world’s 36th largest copper deposit with 38,3 billion pounds of copper equivalent (0,57% grade).
- Truly a world class deposit whose value has been independently calculated via an extensive study by MTB Project Management Professionals at 2,1 billion usd (or 45 cad per share).
- In negotiation with several Western and Chinese companies to sell the deposit at a price of 15 cad per share.
- The argentinian government dropped a bombshell last year when it nationalized YPF (oil company) but the upcoming October parliamentary elections could change the political landscape substantially.