I wonder what's up with that. 7 cents a pound!

How do you get that value? I get a higher value.

"CST Mining, where Mr. Hegarty is executive vice-chairman, has struck a US$505 million deal to sell its 70% stake in the Mina Justa copper project to Peru-listed Minsur following a sales process run by Morgan Stanley since the start of the year.

Selling the asset, which contains over 400 million tons of copper..."

The deal that fell through with Glencore was estimated to be valued at $.54 per pound, and they offered $475 million:

"Analysts at Liberum said on Monday that Glencore would be paying $0.54 per pound of copper reserve against $0.94 per pound in Jinchuan's bid for Metorex.

While the 43 percent discount reflects the earlier development status of the project, the deal nevertheless looks to be attractively priced for Glencore and further underscores Glencore's aspirations to realise rapid growth through organic and opportunistic acquisitive growth," Liberum analysts said.