RE:RE:RE:When buyout?A buy without question.
The core issues for value at ST are how many tons and what grade? If you recall, the 41 101 had just over 800 million tons of M & I. Some high grade and a lot a lower grade. However, with todays elevated copper prices, even these lower grades - 0.3%, are attractive to mine, mill and sell.
So the value in the upcoming PEA will be (1) will they haave 800 million or more minable tons and (2) how much of this is above .4% as this will really drive the NPV higher.
Today's south zone results are huge. They say not only is the south zone a contributor to tons, but also to a higher grade.
NPV ranges I have calculated are between 2 and 3 billion at a $3.80 copper price. 3.80 wll be the traisng 36 month daily copper prcie average. I expect a 20% of this value to be reflected in the stock price at the time of PEA issuance in about 5 months. So, think about a market cap of 400 million to 600 million in June of this year.
Then a sale of the property within 12 months of the PEA at a much higher price.
Cheers