RE: I say 3.5-5 buyout and not moreThe chart that's on Coro's presentation has copper @ 3 bucks for 677Mil not $2.50. Anyhow, lots of speculation regarding Coro's take out price. Groossmrkup had a really good point regarding the tailings. The million dollar question is how do you predict future copper prices considering copper is hitting and exceeding major all time new highs. 5 bucks is definitley doable and even 6 bucks could happen. So long range future prices for copper was predicted to be in the range of $2.50 - 3 bucks when copper was not hitting major new highs. So this could be low for long range future prices but that's anybodies guess.
The mines initial cap cost was 277mil. If they don't get taken out then using Coro's presentation it looks like spring but with EIS delays it could be summer or fall of 2014 before production starts. If copper is still up in price then this would get paid off really fast. Either way you look at it. We need the government stamp to get things moving forward and until that happens we could be in a holding pattern.
MM