RE:RE:RE:RE:RE:RE:WTF!??I believe Crawford alone has an NPV over $2B based on the PEA NPV, nickel price increases, recovery improvements, government money, and carbon credit valuations. Reid is looking to be much larger than Crawford and then we add all the other properties to that. I just multiplied to get the $20B on that basis. My point was that there is a lot of value there - I don't know the exact amount.
I don't actually know what they paid for it and don't really care to know. I know that a pack of hockey cards in 1980 was under $1 and if you were lucky enough to get a pristine Gretzky rookie, that exact same pack is now worth nearly $4 million.
Why would Anglo buy Crawford out completely? This deal gets them a piece of it and lets them get a closer look and test out their technology to see if they can improve its value further. That is the smart thing for them to do.. But it doesn't mean its not also good for CNC. Having Anglo involved will bring serious attention to Crawford and CNC with other potential strategic partners.