Post by
nofluff on Jun 28, 2024 10:57am
Mineral math on ncu web
Data is about 5 years old. About 4 billion pounds cueq. Since then huge ads plus tedyboy with up to 10% cu. On surface samples. Also copper ridge and dimples added.
My guess is about 10 billion pounds minimum.
One can understand how a sale to a major is appropriate. A major can get the show on the road.
I can not envision anything less than 5 billion final bid.
Nf
Comment by
metalhead666 on Jun 28, 2024 12:03pm
bagruptcy...gud too b in kopper NF
Comment by
nofluff on Jun 28, 2024 12:18pm
So why did the high offer for Anglo copper assets fail? Simply, bhp wanted nothing to do with all the dead weight assets of anglo. Ncu is all copper gold and silver. No dead weight. Nf