IntegityThe question of integrity, transparency and fairness in business life is one thing. However, the more
one can calculate a company value, the more clearly it becomes apparent when a third party makes
a dubious offer more precisely. And if it becomes visible to every man, the majority of shareholders
should defend themselves against it. That's why it's important to make a comparison with other
takeovers to get an idea of the inner values of your own company. As the 10th largest junior copper
deposit in the world (with the potential to become the 5th largest), we don't need to hide. And let's
face it. The buyer is acquiring a copper deposit that has a resource value of $49 billion at a
conservative long-term copper price of $3.5 per p copper. Regarding copper only. According to the
presentation, there are mining costs of USD 1.2 per p copper. That means there was a total of USD
32 BILLION left over the 20-30 years of mine life, less CAPEX of USD 1-2 BILLION, i.e. around
USD 30 BILLION? Am I correct, or have I forgotten something serious? Of course the taxes will still
be deducted, but against this background, in the case of a possible purchase offer, does it still
depend on USD 100 or 200 million more or less?