RE:ANSWER…. $1.50 IS FAIR AND IS VERY FEASIBLEThanks for the reply bigmoney. I'm definitely onboard with the copper macro trends, as I have invested in other copper companies, but I have been looking to diversify within the sector.
Has management made any public statements about their ultimate goals with Canariaco Norte (e.g. sell outright, option off, J.V.. build and operate)? I can't imagine the latter, but it would be helpful to know their strategy and I can't seem to find an answer.
It would also be helpful to know how they plan to raise funds to continue operations, as their balance sheet isn't great. I see that Fortescue has a RoFR on any new debt or capital raises to maintain their 19.9%..but one would hope this doesn't influence the valuation at which new capital is raised at.
Sampo