RE:PPT of OCO structure... we have a 77.5% interest in the surrounding prospective properties (open to expantion of the current deposit and for new discoveries)
at papago 77.5% pending interest in 25% of the main deposit (imho its a done deal just waiting for registration of title to the OCO sub)
and also a to be negotiated majority interest (we have 20% ownership right now) in the remaining 75% of the main deposit.. i dont know what majority means so i will assume 55%? could be 60 or 65 who knows..but its not that important since its +-10% of 75%
for valuation i take the deposit as 8.5 billion pounds again + - a few hunderd million pounds..lol
so at papago we have 77.5% of 25% of the deposit or 19.375% of the whole thing for 1.646 billion pounds
currently a 20% ownership of altamura for 1.7 billion pounds
and say another 35% to bring us to 55% for 2.975 billion pounds
so we have under our belts right now 1.7 billion
plus pending registration 1.646 billion
and under negotiation 2.975 billion
for a total of 6.321 billion pounds or 74.365% of the total deposit
a deposit in peru just sold for 4 cents per pound at an elevation of 13000 feet (water problens) with elevated arsenic (metallurgy problems) i think we can do better than that
at only 5 cents per pound 6.321 bn pounds is worth 63.21 million per penny
for a total of 316 million dollars US
convert to cdn 392 mm cdn divided by say 85 million shares 4.61 cdn
if thats too crazy lets look at what we already own which is 1.7 bn pounds or 17 million per penny
17 *5 cents is 85 million divided by 85 million is convieniently 1 dollar or about 1.25 cdn :))