RE: RE: RE: CUU valuedSorry i know DNT is having it's day already, but you can not just straight forwardly compare it to CUU. Recently a major pays about a 1,5-2,5 % buy out price for all gross copper metal value, a few recent take overs are:
1. in january 2011, hudbay minerals offered norsemont mining’s shareholders $520 million for $3.9 billion pounds of copper in peru’s fast emerging copper/gold belt known as the andahuaylas-yari belt of south eastern peru.a. 3.9 billion pounds X $4.50/lbs. of copper = $17.55 billion gross metal value b. $520 million / $17.55 billion = 2.9% of gross metal value or .13/lb. of copper
2. in october 2010, first quantum offered antares minerals’s shareholders $460 million for 7.9 billion pounds of copper also located in the andahuaylas-yari belt of south east peru.a. 7.9 billion pounds X $4.50/lbs. of copper = $35.5 billion gross metal valueb. $460 million / $35.5 billion = 1.3% of gross metal value or .06 lb. of copper
3. In september 2010, jinchuan offered continental’s shareholders $432 million for 5.3 billion pounds of coppera. 5.3 billion pounds X $4.50/lb. of copper = $23.8 billion gross metal valueb. $432 million / $23.8 billion = 1.8% of gross metal value or .08 lb. of copper
For DNT this means a buy out between C$ 550 million and C$ 1.2 billion. But CUU has much more than copper.. Plus a lot more unexplored land, revised resources coming up, etc. So comparing the two is not so easy.. 10% buy out price seems steep but you have to know all details before you realize that it is not as far fetched as it seems. Anyway don't want to make the post too long, but please remember I see a great last run for DNT coming, been in at 0.59, unfortunately i sold some too early, but the rest i will keep tillbuy out.
Greetings from Amsterdam,
Cruisie