RE:RE:RE:RE:RE:RE:Town of Florence meeting again...today regarding FCnofluff wrote: The major potion of flor is on patented land in city limits. But no residential subdivision development on that ground. Flor gas no chance for finding more copper on the property. But when rinsing complete. ground is tge same as always. So a few billion in land value.
nf
Yes. And all that land is owned outright by Florence Copper. No leases, or just mineral rights on government land. The Florence Copper site is half way between the Athem and Merrill Ranch subdivision and the center ot Old Town Florence. This land is hugely valuable just a development land for industrial, commercial, or residential use. Because of the lack of invasive nature of insiitu, who knows, the ground above might be able to be farmed WHILE the mining is going on.
1342 acres on two parcels. The raw land right now is probably worth around $50k per acre depending on how it will be zoned when sold. Interesting that the raw land value of the Florence property is not even considered in the TKO market cap.