lseLooks to b closed as well. 3 days for the world mull what tko is worth.
With debt and mc at 600 million cad on 300 mill shares and tko share of copper equiv. at 20 billion pounds u r getting a pound for 3 cad cents.
That may have been fair when copper was in the tank. But smart money can figure, 4.00 per share and u r getting copper for 6 cents a pound. 40.00 per share and u r getting the copper for 60 cad cent va pound. How long will it take before big money stops leting ma and pop eat there lunch.
I am sure europe would jv in a heartbeat. But with u.s. needing the copper, they likely would veto any euro taker. Without euro or sino in the running, it puts flor at a bit of a disadvantage and takers know that.
Then just do not do the jv until someone comes to the table. Npv is now likely around 1.5 billion or 66 cents a pound.
It looks like price is going to keep going up. I would b happy to sit between the warehouse and rail doing the orders for copper. The phone rings and it is a customer that refused to pay 8.00 for a million pounds a week ago.
The customer asks what todays price is. 10.00 is what I say. He say perfect I will take all ya got. I say I got 60 pounds not spoken for. Would you like to pay the freight for rail or mail?.
Of course I would need to be paid well:)))
nf