Just something I took from a retort in a Stockhouse post tonight;

Another way Im simplifying my way of look at this buyout...thought id post it here for a little more clarity on where Im coming from.

The following is someone saying my idea of a $5-7 buyout is off the mark.....well....I hope Im lowballing it but I dont think so, just pure logic.

Alright..

You sir are delusional. Seriously, seriously delusional. There are producing copper mines with massive, long mine life deposits that are running now that are $5 (LUN for example). And LUN is producing now!

LUN also has a whopping 582 497 514 shares oustanding....based on $5.01....the closing price on friday.....thats gives me $2.9 BILLION dollars.

Heres where math bends you over a wall...

$2900000000 divided by 388000000 shares outstanding in Copper Fox equals...$7.47 a share.

Get ya calculator....

Now as far as Im concerned thats already above my estimate of $5-7 buyout....but if you read the fine print I also said $4 for Schaft Creek....the rest remains to be seen.

If you compare Schaft Creek as a deposit to the Equinox buyout some figures become fairly apprent;

Although The mines are of a tremendous size differential....they both have a fairly similar amount of inherent metal, the Lumwana has far far superior grades to Schaft Creek.

$7.3 Billion was the tag......however you can take out the costs of building the mines ($730 million)...and a lien slapped on the company ($560 million)...and you can leave yourself with a total cash surplus of $6.01 billion dollars.

$6010000000 divided by 388000000 equals $15.48 per share.

And since Teck isnt going to let this sit for long....lets take 25% of that ($15.48/4 =$3.87) and lets just say Teck leaves us with $3.87 by earning back their 75%.

Thats not a bad base really.

So Im going to use this as a hard figure to rely on.....this is the base. Now where do we add in the extra value? This is for the $1-3$ premium on top of our actual interest.

So by the time you add everything else in, the Mess Creek properties, The Liard voting shares, the fact that we're in geopolitacally stable North America, the forward looking potential on the property, any unproven value on the tonnes we have....theres a lot here that really is hard to put a hard dollar value on. The properties could probably sell for a few times their original value, but nothing crazy as they have 0 proven reserves. The Liard voting shares however we could put a hard cost on....

$3.87 plus some hard costs, plus some speculative value......my man....that puts us at $5 right there.....as I said what remains to be seen is the premium paid.

Heres my favorite part....is I cant buy LUN at $1.30 right now. I can buy CUU though.

And some fairly simple math just valued it the same.....

Rogue,