RE:MARI looks fully valued at this priceOk, fine, you are promoting your stock on another stocks message board. I get it.
But as you raise the comparison:
- Its not hard to have a big NPV, lots of the peergroup do, the question will be can you get the asset build, and what is the capex.
Marimaca oxide deposit initial capex
US$285m Filo initial capex
US$1.26bn !! (going up to +US$1.5bn life of mine)
- Maybe the post tax IRR is also a good comparison
Marimaca oxide deposit IRR post tax, @$3 Cu, 31%
Filo IRR post tax, @$3 Cu, 23%
- Location?
Marimaca oxide deposit, 35km from main regional industrial port.
Filo, 5,000m up the high Andes.
- Infrastructure?
Marimaca oxide deposit, almost everything onsite or nearby.
Filo, nothing onsite or nearby, everything needs to be built.
Also - Both have good exploration upside, but MARI has shown how valuable their tonnes are in their location. Filo, I dont know. Permitting will be hard for Filo, looks easy for MARI, again due to simple location.
So - Filo looks like a lower return profile, and a lot harder to build. I have a lot of respect for the Lundin family and what they have done, but I'm very happy riding the MARI train. For me it is a far superior asset, and due to its rare capex profile I think we will see value released far quicker.