"No, you can't count the value of the copper AND the value of the other metals. The other metals are what is keeping the operating costs at Schaft Creek in line with other projects. You can't count them as extra"

I am not sure I understand. Why can you not include the other metals? Will the value of SC not be based on CuEq which is ________ Billion pounds of Copper not 7.1B.

"The only correction that I would make to the numbers is that $3.3B has been spent already at Las Bambas so a $6B buyout is essentially a $2.7B buyout"

This other quote above is confusing. The Las Bambas project is worth between 3-5 billion. You use 6 billion as the value of the deposit which is great. If Las Bambas gets bought for 6 billion is because thats what the project is worth. Glencore profits 2.7B in the buyout because as you said they put in a 3.3B in capital costs. That is their problem. Copper fox did not put up billions in the Schaft Creek project so the value they ask for is pure profit. Glencore is asking for say 6 billion because that is what the project/deposit is worth. A 6 billion dollar buyout is exactly that.