RE:It's all about Copper !If my math is right, that mine has 17 years left and production generating right at $1B per year of metal at spot and they paid $1B for 50% of that?
I realize it's operating mine and capex was like $4B....but our phase 1 is 27 years and I think $1.5B revenue (payback 3 years) a year for for 10 extra years. Is my math right? Phase 1 casino is twice the size of that mine taking into account average per year and extra 10 years. So they valued an asset 1/2 the size of Casino at $2B ...and here we are trading at $350M....