Post by
nizza on Jul 01, 2024 3:45am
The question is, what is the fair takeover price?
Canariaco Norte Measured & Indicated: 9.3B lbs Cu | 2.2M oz. Au | 60.4M oz. Ag
That corresponds to about 10.6 billion p Cu equivalent.
In 2011 - the price of copper per ton at the time was roughly the same as today - takeovers were priced at between 4 and 7 USD cents per p copper.
If we take 4 USD cents per p copper, we would be at the lowest end of the range at 424 million USD.
We have now had a significantly improved PEA since May 2024 compared to then.
At today's copper price of 9,581 USD per ton, the NPV after tax would be 2.94 billion USD.
The question is, what is the fair takeover price?
Comment by
ForesstGump on Jul 01, 2024 8:08am
They will try NOT to buy Alta at fair value. Unfortunately they will try anything to get in on the cheap. I wouldn't be surprised if Giulio gets nominated ceo soon, but I see a take over in 2024.