EXS 0.00% 26.0¢ exco resources limited

are we a bargain?, page-51

  1. 1,736 Posts.
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    Fellow shareholder's,


    HELP...

    "DING!" I've just had a penny drop. It may be a blonde moment, but wait a minute, wait a minute, wait a minute.....

    The CCP consists of E1Camp and Monakoff, correct?
    Thats a resource of 55mt for 472kt Cu and 394koz Au.
    That equals around $4.5b of Cu and around $.5b in Au.
    I know it's in the ground, but why would we get rid of an asset worth $5b if it was extracted and processed by us (if we needed to, for example) for a paltry $175m?
    Surely extraction and processing costs aren't that expensive? Are we going to say all our work to date is worth $175m?

    How tight is this going to get? Someone please tell me I'm wrong. This project has got to be worth more than that!
 
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