News, Vale pays 100k for 5bil property and 80% interest!
25k & 75k Vale Paid for 5bil..Yea Right!
Come on, just another of the "Best Pictures" that can possibily be painted
75k and 25k is not much for Vale for any property
Now If Vale thought there was 5 billion worth of reserves there.
Gee, is it just me or would they be willing to pay more and be in
some what of a hurry...And also take a smaller %
Ken would do well on this board, he may say 5 bil
Vales price says maybe not..
Vale does give some Katx credibiity
Kens over estimation takes away from that
But this is a three year agreement (not a JV)
with no Guarentees at all...
Ken also said HC was not the Historical HC, BTW
Lucky could well turn out to be economical
5 bil, let em prove that.....