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semi_infinite

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semi_infinite

Re: basserdan post# 475987

Wednesday, 05/24/2006 11:51:41 AM

Wednesday, May 24, 2006 11:51:41 AM

Post# of 704019
>> Wouldn't that, in the main, depend upon what the price of copper would be at that point in time? <<

They (or a bank) must have to assume something for price, capex and opex if they try to get a loan once they can show minimum X amount in the ground. For oil projects, we (I) used to assume $20-25/bbl in the tank ad infinitum <vbg> and ~$5/bbl in the ground. I will just make a wild guess of 50 cents/lb in the ground discounted back would get me to 25 cents/lb. That would be ~$1 billion as a wild guess for a 50% share of LA. Seems high compared to market cap ...
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