The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Christopher Domenic Mancini - G. Research, LLC - Analyst
: And congratulations on Grasberg. It really is, as you've been saying, Richard, all along, having followed the company for a long time. Just the amount
of tonnes that you're moving there every day, along with building a mine, along with dealing with COVID and everything. It's really fantastic what
you've done there. You have a ways to go, but congratulations, it really is a great job.
Question: Christopher Domenic Mancini - G. Research, LLC - Analyst
: Yes, you have. And you -- like you say you're starting to inflect here and it's impressive what you've been able to do. So I just wanted to say that
quickly.
And just another quick question, I don't want to put you too much on the spot, but relative to Lucas' question about acquisitions, and you're saying
that you're not really seeing a lot of value in potentially buying something. How do you feel -- how would you feel about conceptually a merger
of equals with another mining company? And just -- given what we've seen in the space about, like you say, kind of value destruction in the natural
resources space in terms of deals that have been done at premiums, what do you think conceptually about merger of equal -- potential merger of
equals or just conceptually in the space?
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Question: Christopher Domenic Mancini - G. Research, LLC - Analyst
: Right. Okay. Yes, that makes sense. I mean, given where you are now. And I mean, so do you think that once Grasberg is fully ramped, you would
have a different view potentially?
Question: Christopher Domenic Mancini - G. Research, LLC - Analyst
: Congrats to the team for doing a great job at Grasberg so far and the rest of the operations.
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