RE:multiple miners look to acquire copper assets!So as I recall, a prefeasability study run by the previous owners had Santo Tomas
Coming in at about 9 billion lbs of copper including credits for gold silver moly etc.
This deal, Galore Creek, values their 9 billion lbs @ $550 million,(US).
So if we don't advance our 20% ownership any further than what it is,
By this metric our value is now $110 million (US), or about $1.20 a share.
Galore Creek is located in northwestern British Columbia, Canada, approximately 150 kilometers northwest of Stewart and within the traditional territory of the Tahltan Nation.
A 2011 prefeasibility study put the project at a measured and indicated resource of 9 billion pounds of copper, 8 million ounces of gold, and 136 million ounces of silver.
Grades are 0.50 percent copper, 0.30 grams per tonne gold and 5.20 grams per tonne silver.