RE:Fortescue/WYLOO bought Noront Resources NOSOF/NOT for peanut
They bought Noront for $620 million or $1.10/share.
They bought it as they know it has value.
They even bought it knowing billions need to be poured into infrastructure such as roads before any type of development can happen.
They bought it because they know the future and are securing their own future through acquisitions instead of relying on others.
$600 million = $8 for each Alta Copper Corp share.
Lundin acquired Jose Maria for the same $600 million valuation.