Quite correct. SRK will have about $55M - $56M if they lose the shootout and still retain the Cuervo and Indonesia possibilities (hey it must be worth something still?).
If they win then they will get Peru for a song. The US$400-odd million was SRK's share. The whole deal was apparently for US$650M and SRK at the time did not refute the figure.
So my hope is that we win the shootout, sell indonesia, own 100% of a potential world class iron ore and possibly gold/copper deposit, plus own a potential 46% of Cuervo whilst still retaining enough funds in the bank to last for 12-15 months in the hope that we can get a quality joint venture partner in this time. It's a risk but worth it I think.
Either way I agree huninni it's undervalued but plenty are at the moment if you believe that the world will be ok in a few years time.
unbelievably cheap find out here why, page-2
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24670 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4161 | 1 |
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| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
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