The transaction approximately values the operating mine at $3.4 Billion.  Looks like a fire-sale price from JX Nippon who is changing their "focus".   Keep in mind that Caserones (CU, MO) is in Chile so there's always an uncertain future and a limit to upside profitability under heavy-taxing govts.  Its a smaller and way less profitable operation (high cash cost and AISC) so, other than similar copper grades, I am not sure there is much here with which to compare with SC (CU, AU, MO, AG) for SC valuation purposes.   Anyone?

Processing – conventional crush, grind and flotation processing with a nominal capacity of 105 k tonnes per day (“tpd”), producing both copper in concentrates and molybdenum in concentrates, as well as a solvent extraction and electrowinning (SX-EW) plant and leaching facilities for processing oxide and low-grade sulphide ore with a production capacity of 34.5 kt of cathode per year (96 tpd). In 2022, the concentrator plant produced 109.1 kt of copper in concentrate. In addition, 15.1 kt of copper cathodes and 3.1 kt of molybdenum in concentrate was produced.

• Concentrate – clean copper concentrate with minimal impurities. Similarly, molybdenum concentrates meet the quality standards for global sales.
• Operating cash costs2 – C1 cash costs of $2.22/lb and all-in sustaining cash costs (AISC) of $2.54/lb was reported by Caserones for 2022.
• Mineral Reserves and Resources – a “historical estimate” (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)) for copper Proven and Probable Mineral Reserves of 892.1 Mt at an average grade of 0.33% copper containing approximately 2.9 Mt of copper and historical estimates for copper Measured and Indicated Mineral Resources of 1.595 Bt at an average grade of 0.29% copper containing 4.583 Mt of copper.