Bid processSo sh are initial bid will need to be made public. Hoping it goes shareholders something.
Bidders may want to wrap things up before copper makes its anticipated surge.
Fair price today is about 5 billion. Rio could do that np. Also u.s. biggest miner Freeport.
Suppose Rio bid 4 billion subject to an early auction if there was a competing bid. So Freeport bids 4.1 billion. Barrick and goldcorp could be there as well.
Let's say by mid Aug, no one else shows and it goes t a 1 day auction.
The u.s. needs more copper.
Nf