Nov 09, 2022 / 07:00PM GMT
Eduardo Covarubius - Los Andes Copper Ltd. - Executive Chairman
Los Andes Copper is the owner of Vizcachitas, it's a single asset company, owner of one of the three or four largest Greenfield copper projects in the world.
We, today, have over 13 billion pounds of copper in the ground, and measured and indicated, which actually puts us in that very rare space of projects that can start making some difference.
We've put out a PEA back in 2019, which at a $3.5 copper, was showing in NAV after tax of USD2.7 billion. Effectively, what that means is, today we're trading at 10% of NAV, and that's where the opportunity lies. Our peers are today trading between [0.3 and 0.4]. So there's a quick pickup of upside in the re-rating we're actually doing right now. And I'll get into a little bit why we're actually in the process of doing this, and why we're coming from a lower valuation.
The resource is 100% owned by us. So this is something that for the majors is key, so they can actually get a hold of all of the asset without having partners, or strategic, or joint ventures that can get on
Los Andes Copper Ltd at Red Cloud Fall Mining Showcase Transcript
Feb 14, 2024
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