the las crucitas is a $4B asset
it will get mined... one day
may be IG, may be not.
but it will get mined
the chinese has penetrated in CR
so guess who is the most likely purchaser
the question is what will be left for the share holders for waiting for 12 years...??
certainly, AU price are well above where they were in 2001.
IG should get atleast 10% of Las Crucitas asset
10% of $4B is $400MM
with $100MM in debt paid out to Exploram
there should be plently left for the shareholders..
but my gut feeling is telling me that IG will get their mine back.
because they did nothing wrong and followed all the rules to the last bit.
the next judge will see this and make a favourable decision for IG
sometimes you have to stand by what is right
and i feel IG is right and they will get what they deserve... one day!!!