They call it NPV for a reasonWhile I don't support the manner in which he approaches it, Laurelhady is hitting home on something it appears some here want to wear blinders versus recognized.
It's called Net Present Value (NPV) for a reason and they don't use FPV (Future Present Value) in the M & A game.
The dramatic drop in copper is absolutely giving pause to any and all suitors, of which we can conjecture all we want, but only know of one, Lundin, who's actually interested.
Again, Laurel could go about it in a better fashion, but the underlying theme at least in my analogy is, we do need to ratchet down our optimism to some degree until copper gets back above $3.
Having said all this, NSU share price has done extremely well in this copper sell-off but needs a bounce in copper ASAP or will cave like all the rest.