RE: Resource EstimateWhat did you guys think of the Global Copper Takeover? I thought it was very creative on their part. Give up their flagship porphyry and receive approx $12 per share or about $400 million? Plus they get $10 million in cash and get to keep the rest of their properties and start the process all over again (under a new name).
I would love to see Candente adopt this style of takeover. Global Copper had approx 8-9 billion pounds of copper as well, didn't they? They had higher grades but Candente has a lower cost operation under the starter pit scenario. Can anyone confirm...was Global Copper taken out at 0.05 per lb? $400 million would put Candente around $5 per share.