You don't have a view on the prospects for Cu then?
Because according to CMMC on the TSX, which has had previously marginal Cu grades and has just bought out AOH which has had previously marginal Cu grades (but twice as high as CMMC's), Future projections of Cu are going to go on a steep vertical incline.
This is on the back of radical changes to demand: the emergence of the electric vehicle. It's the backbone of Chinese policy and it's inevitable. It should be noted that Mitsuitbishi Materials holds 25% of AOH.
Mitsubishi Materials Corporation (三菱マテリアル株式会社
Mitsubishi Materiaru Kabushiki-gaisha), or
MMC, is a
Japanese company. It is a manufacturer of cement products, copper and aluminum products, cemented carbide tools, and electronic materials.
[3] It is one of the core companies of
Mitsubishi Group.
https://en.wikipedia.org/wiki/Mitsubishi
The company is listed on the
Tokyo Stock Exchange and the
Osaka Securities Exchange, and is a constituent of the
Nikkei 225 stock market index.
[4]
This means car manufacturers are moving to secure Cu supply.
Look at what they think is going to happen on Cu price and what's going to happen to Cu demand.
see pp.39-41
https://www.cumtn.com/wp-content/uploads/2018/02/February-2018-Corporate-Presentation-Final.pdf
Now tell me that things are going to remain the same on the economics of Promontorio.
(They aren't).