RE:RE:RE:RE:RE:RE:flor jvStuart mentioned the 700 million npv of 2017 based on 3.10 copper.
He then mentioned much higher npv at another number. Then he said. At todays copper price it wouod b much higher again.
Then he said they would likely accept a jv based on the 2017 npv.
Which makes sense to me. 70 million u.s. for 10%. Two years of no return.
Then, 2 years of 40 million dollars. So 4 year payback. Then copper pulls back and jv only gets 20 million u.s. per year for remaining 18 years.
I would do that deal.
nf