Completely underwhelmingI think its fair to say that today was not what any long expected. At the moment, First Quantum have basically partnered with NAK for $150million.
This to me reiterates what I stated a week or so ago, that NDM struggled to find a JV consortium and many companies passed on the opportunity to invest in the project, and this meant they had to accept a poor deal. Considering all the hype around the project, and the hugely worshipped Cantor report, no long can honestly say they are happy with todays result.
Pebble is and always will be high risk.