Lundin acquires Josemariahttps://www.newswire.ca/news-releases/lundin-mining-to-acquire-josemaria-for-c-1-60-per-share-for-cash-and-shares-for-a-total-purchase-price-of-c-625-million-882380413.html
Copper/Gold project in Argentina. You've seen them in our corporate presentations, relatively same size in terms of Cu tonnage, we're bigger in terms of CuEq. All terms in USD:
Their after-tax NPV - 1.53b
CAPEX - 3b
IRR - 16%
LOM - 19 years
Lundin acquiring for $483m - .32/NPV or approx 3 cents per lb CuEq.
We're after-tax NPV - 1.88b
CAPEX - 2.5b
IRR 19.5%
LOM - 22 years.
Take what you will from the above.