PFS solidifies value...
Hey StewCat back on Aug 11th you posted this: "If there is a bid coming, it would most likely happen before the revised PEA, because the value of the company will likely receive the 50% of "Revised NPV/NAV" Timok will be worth with measured and indicated resources instead of the original inferred 30% of 1.6 Billion from the original PEA (or 50% of$986M (US$) and 84% IRR at then current mineral prices of 1250 oz Au and 2.20 lb Cu). At any rate, if a potential buyer waits for Q3 results and they are better...then Bisha Value goes up. If we hit more UZ mineralization, then there will be a premium tacked on. If they wait for 2018 Q1 PFS, then they will be paying up to 80% of NAV with a significant premium tacked on. Your choice." I realize that this is probably an estimate you came up with but I just believe that the PFS will even further confirm the value of Timok therefore commanding an even higher premium or less of a discount over the recent PEA estimate. Do you still feel this way? If you do then Timok alone would be worth 80% of $1.5 billion or $1.2 billion which is roughly $4.00 per share + Bisha and its district + $151 million in cash brings us over $5.00 per share US. I truly value your opinion as I see from your posts that you understand the industry more than most of us here.