So 18% stake in the Peru Quellaveco project would give us $3.13 for 25%
Their capex is also 3 Billion maybe more and they have big environmental issues (water)
http://www.bloomberg.com/news/2011-02-28/anglo-says-its-quellaveco-copper-project-in-peru-could-may-cost-3-billion.html
Who wants to take a guess at the Premium we should get:
* Gold , Silver, Rhenium
* Being in Canada, no environmental issues
* Teck financing
* Teck expenditures
* Liard shares & NSR
* Stewart Port
* Mess Creek (strategic..Teck needs teh road access)
* Control over clause (4 year) as operator until Teck earn in
* Huge potential (depth and width), new zones, other 1/2 of of the Paramount zone and Liard not drilled
* New resource estimate coming...
So add all that to the $3.13......