Go to Cell F8 and translate it ( google translator)
In short C1+C2 200 000 tons of Copper @ 1%;
Estimate IGV is $2bln ;
ROS would have to raise 100mln to get 70% stake ( right?)
Make you own conclusion"
So you think its worth $2bil? and ROS would get $1.4bil of that. But they need $100mil to buy it, plus cap ex and opex. Then discount for time and risk. Still seems like room to move up, but funding will be an issue.
Processing cost wouldnt be cheap for 1%. Do we no what margin they expect?
ROS Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held
