RE:RE:RE:Double From Here?
One other point of comparison with respect to over paying for a mine. Compare to Mt. Milligan at todays spot prices and anticipated metal recoveries. Pinto ore after recoveries valued at 21.52/T, where as Milligan is 20.53/T; very close to equal values of recoverable metal per tonne. Look at what Thompson Creek paid, 650 million for Terrane and 1.5 billion to build the mine. They are very similar tonnage ore bodies.