Lets talk NP for a momentIf NP manages to get FN support, what is it worth?
Copper Mountain sold the Eva project in October for around $200 million.
Eva is supposed to have the potential to produce 114 million lbs of copper, 54,000 oz of gold, and 367,000 oz of silver per year for a 32 year mine life (mine life is such a guess).
New Prosperity is projected to produce 110 million pounds of copper and a whopping 230,000 oz of gold per year. Not sure about silver. There must be a silver stream at NP. IOW. About twice the revenue total. I have not compared c1 differences.
Is it reasonable to assume that NP's value for sale in its present condition, with FN on board, should be about $400 million? I admit, my knowledge on these projects is limited, so it might be an apples and oranges comparison.