I am buying though not even remotely to the levels of Accountant.
I am buying because:
2.85 Bil lbs M&I at a 0.20% cutoff, assumed recovery
severely discounted from NPV/share no matter how you calculate it.
Slightly higher grade than Copper Mountain (now processing ore as of this month)
existing local infrastructure in close proximity = reduced CAP-Ex
earning their 60% interest by end of year from Teck
lower risk jurisdiction
Don't want to look back in 3 years and think "i should have bought that stock at 5 cents 3 years ago". My hind sight is always 20/20. There is an opportunity here to to look back in a number of years and say my fore sight was 20/20.
Cheers
