RE:RE:RE:RE:RE:RE:Free Cash Flow vs Net IncomeEvh,
That $7.2 million would be worth $336 million today. Average.price of gold in 1867 was $27.86 and the USA was on a gold standard. There was nothing strategic about Alaska in 1867. No iPhones, no central plumping, or heating. Most Americans cooked over a wood fire. Screens hadn't been invented for windows yet. So, flies were everywhere. The only mode of transport to Alaska was horse or boat. In the end, it worked out well for future generations of Americans. They got a decent TV show out of it.The Russians were kind of like yourself, happy at a good buyout offer. It was a win-win for everyone. That's the best kind of deal.
You just see things differently. To you sacrificing 60.4% of the project for $412 million was worth it, in the context of the time, in order to secure short term financing and rapidly advance all three projects simultaneously. I think it was a stiff price to pay, unless it also comes with full project financing on favourable terms, I.e. a low interest rate. I think Zijin, as a Chinese state owned enterprise, has a better chance to deliver favourable terms.