RE:RE:big newsCmmc was unique. I wonder how long they were in talks. Cmmc has been struggling for the last year. Cfo was released a few months ago. Then the aus. deposits were sold leaving south b.c. ground as only ground retained by cmmc.
A perfect fit for hudbay. The deal drove cmmc price up and let sh take cash if they wanted. The all share swap was fair as hb has huge upside in both americas.
Tko is way more complicated. All N.a ground. Once flor. is permitted, I would say 2 billion would be a fair buy out. 7.00 cad sp minimum.
Once flor. in production and 10.00 copper, I c a 20.00 sp.
Hudbay could come knocking.
The Glencore Teck deal is hostile. As of yet no one else has upped the ante.
Today planting begins on the farm. Time to get busy:))
nf