Is Freeport McMoRan negotiating with Masglas to partner with them in a joint venture agreement to mine the ADL? We know from what Maurizio has said, is that they were interested in other properties that fall under Masglas umbrella.
From one of the mining journals, Chile Explorer Report, quoting Maurizio Cordova, regarding the ADL, “The project has already attracted the interest of some major mining companies. Representatives from Freeport McMoRan (NYSE) were recently on site to assess the Pegaso Nero and Dos Marias targets.”
Freeport McMoRan is a very strong mining company. In 2016 their revenue was 14.83 billion dollars, with assets of 37.32 billion dollars. It is interesting in that one of their subsidiaries is Cerro Verde, a Peru based mining company. Their activities include the extraction, exploitation and production copper from the porphyry copper deposit located southeast of the city of Arequipa. The Cerro Verde Production Unit Expansion is considered not only world-class, but is also the largest one-time built copper concentrator on the planet. .
Last January their stock hit a low of $3.52, but has since recovered and is now showing an appreciation to $19.55 a share. Many investors are expecting the stock to move even higher.
I realize this is all just empty speculation but is no different from other empty speculations that I am hearing. Maurizio, let’s get this project moving forward! We need to hear from you!
Tic, toc, tic toc…..break the silence and give us some good news.
