RE:Possible valuationsCan ya keep it down with the $ 50 per share stuff, I'm trying to buy stock for goodness sake.
Could be higher than $ 50 tho, think the sale of Las Bambas was almost a distress sale by Glencore at the time, it went for $ 7 Billion so that's $ 70 to us. Then factor in Sombrero has gold and the economy is better now so what the hell , we could go to $ 100.
But let's just keep that to ourselves for a bit, you'll know when I've completed my buying because I'll be the most bullish poster here.
But for now. Shhhhh !
NorthernEmt wrote: If Sombrero is anything the size of Las Bambas this will have an incredible valuation. Let's say that Sombrero is worth 5 billiion, with 100 million shares outstanding that puts us up to $50 share. This is without the 1.2 million (and counting) gold deposit at Committee Bay along with their other projects.