RE: RE: good rally for a friday " now what kind of market cap we looking at if deposit is billions of lb. of copper "
try 10 billion pounds of Cu.
Well it's all very early still. But I don't think Freeport would fool around with anything offering less potential. Truth is we may never know. Freeport may buy out RMC soon after they think 10billion + is evident. And with those grades it could be sooner than we think. IVN now TRQ had similar success at depths and their share structure is over 1-billion outstanding while sporting a share price of over $9.00.
They had some amazing grades but RMC's compare very favourably if not better. You can never really compare two projects, but you have to start somewhere. On the other hand I don't think RMC would ever be able to mine this themselves, whereas IVN could have by all measures. So...
TNSTAAFL.