RE:RE:RE:RE:RE:RE:RE:RE:TO banker gives in situ copper value at $0.026 per poundThanks, LAG4. It seems fairly clear that Santo Tomas is a deposit that should be considered a major, established copper resource, that passes the test such projects need to in terms of location and infrastructure, the mining friendliness of the jurisdiction, size, grade and strip, etc., and should be/will be one day valued along the lines of the average value identified by RBC and others.
Once ST is owned by Oroco, and the legal risks are considered resolved, the valuations established by RBC and others, like trading at 3 cents a pound and bought for 7 cents (nicely detailed in this report -
https://calichebahada.com/wp-content/uploads/RBC-Capital-Markets-May-2018-The-World-Needs-More-Copper.pdf ) should apply.
The good thing about legal risk is that it can be resolved, whereas the warts on other copper assets, metallurgical, lack of infrastructure, political and permitting risk, often cannot be solved. And it looks like that resolution is close. All the jockeying that the acquisition of surrounding properties, data, etc represents, indicates this.