In short: Hudbay's Copper World joint-venture partner: paid $600m for a 30% stake and funds 30% of future equity contributions on capex, "significantly reducing the company's capital burden and of course de-risking the project."
4:05But in theory, gold, copper can offset each other on that. Now, Copper World is the company's key near-term US growth project in Arizona, and Mitsubishi paid 600 million for 30% stake in joint venture, leaving the company 70% ownership. Mitsubishi also funds 30% of future equity contributions on capex.
In short: One of the Japanese names with "better technical setups than even the index" that his group bought; later found Buffett had bought the same trading houses. Those names have done "five or six times" — enough to absorb a ~30% yen decline.
44:26So we'd found Mitsubishi, a couple of others that we'd done with better technical setups than even the index. And again, I found that Buffett had bought one or two of those specific equities. So people graduate to the fundamental knowledge and we are getting there by the technical method because I don't crunch balance sheets on the conglomeration of Mitsubishi but somebody does and they got to the same opinion as we did of technical very very interesting and those have done five or six times so even if you were investing long-term I mean the yen
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