nav verses ravis an accounting term for tax purposes not. It is real asset value that counts.
Tko gib replacement value on gib mill is 1.5 billion. Gib still has 20 years of current ore to mine with upside expansion at 130 million pounds per year. 3.00 copper gives tko over 100 million free cash per year.
Florence has the same reserve but twice the net back for 200 million times 20 years.
Ymi more than florence. Np 5 times. Alley not sure.
Currently ph has a proven resource total of 500 million pounds total copper proven for a 10 year life. A mere pitance of taseko pipeline or real asset value.
The only reason I am in ncu is because of my belief that there feasability studies and drill will bring much more in to resource calcs.
nf