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

To: tyc:> who wrote (55977)	1/25/2008 6:17:08 PM
From: marcos	Respond to of 78426

Think it was usd22.5m Noranda paid for the 3.3 NPI ... and that's right, Metallica has a lot less net-net into el Morro, while it's a completely different copper market, far more positive ... at the same time, Xstrata will not just be holding open the bag of money, saying take what you want ... they'll make them sweat, let them make plans and dreams a bit, and then squish them ... so there will be some waiting involved But the Antamina transaction valued that project at usd680m five years ago, it might not be unreasonable to guesstimate usd2000m now for el Morro [?] ... so, 30% of that is 600m, take off say twenty per cent for cash on the line - 480m, right around mr.to market cap du jour ... back later guys, cheers