RE:We need more money $$$ DO NOT TENDER YOUR SHARES...SignorAnderson wrote: ....How does one justify giving up the possibility of an estimated 30 billion pounds of copper for essentially nothing???
Maybe management thinks it's worthless? Maybe FCX thinks it's worthless?.....
....Please someone set me straight. Tell me I'm nuts. Tell me I have no clue WTF I'm talking about and do your best to explain why selling at CAD $6 would make any sense.
Thanks, would be much appreciated.
What is the margin of this ore in the Lower Zone? Without a PEA, we do not have a clue whether it could be mined at a profit. Secondly, FCX is in the drivers seat and will be the operator. They will decide whether this asset is mined or not.