RE:The Newscopperminer wrote: If 10% is worth $100,000,000, then 100% is worth 10 x's 100,000,000 = $1,000,000,000.
Looks like $1 Billion Dollars. [Somebody, math check please]
Taseko, wildcats crawling from the cage, claws and teeth
Stuart, Bravo!
cm
The deal is okay, not great. Though the financial markets will like this transaction, as seen in today's share price gain, Florence is worth way more than $1B US with copper prices over $4 US from 2024 and beyond. The fact of the matter here is that Taseko gave this Japanese company a steep discount to future value for $50M worth of construction costs and another $50M for operational costs. Mitsui will obviously exercise their option so the base market value of Florence is $1B US. It's not a terrible deal, considering current recessionary trend and the need for some more funding but it's also not a deal to cheer from the rafters over. Hopefully, this same Matsui will get involved as an investment in Yellowhead, that would be a true game changer.