RE:PFS solidifies value...tony1969 wrote:
Hey StewCat back on Aug 11th you posted this: "If there is a bid coming, it would most likely happen before the revised PEA, .... 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.
Tony,
The value is there...but the rules of this game have changed. Anyone who is looking for the value to be unlocked in this stock will need to wait for one of the five items I listed earlier.
- Deliver on production at Timok (expected 2021), and/or
- Profits at Bisha, and/or
- Success by the drill bit, and/or
- Get bought out by another company, or
- Mergers with another producer
The one important item that everyone is ignoring here (i.e. the elephant in the room) is that this company needs to raise $500M to $600M total. This
"may" cap any share appreciation I expected from the PEA and PFS.