With Pinto Valley, they get 5 years now at 150 million lbs/year with up to 7 year extension if the inferred can be converted to reserves.

An up to 12 year mine at 150 million lbs/year without any capex aside from maintenance for only $650 million is pretty good deal in my mind. A possible 1.7 billion lbs of copper and no need to build a mine - instant cash flow too...

$5.5 billion @ $3.25/lb gross profit over 12 years, less whatever their mine operation costs are. Likely the first 3 years of operation would pay off their purchase price, then just gravy for up to 9 years. And who really believes $3.25 copper is realistic going forward in the next decade? Likely much higher IMHO, and no risk of capex costs going over estimates.

What are our projected annual profits, and capex payback period? Exactly.

That's a great example of competition out there for selling our property. BROF's statement is valid IMHO.

Lots of other deals desperate to sell. I think they made a great deal, unless there is something wrong with the mine that hasn't been disclosed.

Our district still is very valuable - I'm just saying there is lots of others competing for buyout $$...