Replies to post #475987 on Zeev's Turnips Patch-No Politics (ZEEV)

[semi_infinite]

>> 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 ...