Just a point of note, In Petty's interview and the last news, they mentioned stregthening the balance sheet by adding the two projects. I believe, as an intangible asset these assets can be added to the balance sheet.
The Cierro Rico had a value of $2.2 billion and Pulycano $109 million. If these are able to be booked at 1/4 of this amount, it will have a tremdous impact upon the balance sheet. I have a call into the accountant now regarding this issue, but I can only imagine the impact these two assets would have upon the balance sheet and stock price if they are able to be booked.
Anybody's thoughts or better knowledge on this subject?
NYBob, Anybody?
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