Grow HudBay with CopperAfrican Copper ( ACU ) ready for HudBay buyout.
Natasa Mining is getting 70% of ACU on a very low cost basis.
Basically Natasa is getting 70% control of ACU for less then $7 million.
ACU spent approximately $160 million on building the Mowana Mine in Botswana
The copper resource within the breccias, shells and host material has been estimated to be:
Inferred: 86,669,779 tonnes at 0.36% Cu giving 309,249kg Contained Copper
Indicated: 72,675,939 tonnes at 0.49% Cu giving 359,604kg Contained Copper
Measured: 74,264,818 tonnes at 0.4% Cu giving 297,089kg Contained Copper
From the above it can be seen that Natasa Mining is getting Mowana very cheap.
HudBay would be smart to bid for ACU as they have over $680 mil cash in the bank.
Hudbay could buy ACU less then $15 million and out bid Natasa.
It should be noted that the Mowana lands have great exploration potential.