I am picking up more this weekVery bullish on copper, and i think MIN is ready to move up quickly with all they have going on short and medium term. THe biggest base metal institutions have double verified Excslsior's Bankable Feasibility with their own extensive DD.
I read a post on twitter, that at $5 a pound copper, Excelsior would free cash flow (Money to return to shareholders) could be $650 million Candian a year.
Just doing my own math, liffe of mine all in cost is around $1.32 with the new stream, but that includes all upfront capital. Life of mine capex is about 20 cents a pound, so the free cash flow cost per pound is around $1.12.
$3.78 X 125 million lbs is $472 million USD a year.
With a 5 X multiple that is a $2.3 billion company
WIth a 10 X mulitple that ia a $4.7 billion company
HUGEEEEEEEE