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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (51806)	10/31/2007 3:08:12 PM
From: tyc:>	Read Replies (1) \| Respond to of 78424

>>what portion of Metallica market cap do you figure is well covered by la Fortuna That is the $64K question. I inferred from a recent CC post that very little of MR's market cap is attributable to El Morro. I inferred further, that its current market cap is largely justified by its new PM heap leach mine. In addition to paying for the feasibility study, Xstrata paid MR $10M in cash up front and purchased shares of MR above the market price. Even so, there was dilution for MR relinquished 70% of its equity.