GREY:OLEPF - Post by User
Comment by
minedtheprofit1on Sep 16, 2011 11:58pm
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Post# 19053330
RE: RE: GOLDN1
RE: RE: GOLDN1"Teranga needs OLE for their ore and reserves"... that's probably true but in mining the mill is like having the only gas station in country.
sure teranga can't afford ole, but i've also learned a long time ago that a lot of companies are better combine than as a stand alone operation, the re-rating factor for mid-tiers are 5x that of the seniors if not more.
2.50 is now the target or the actual buy out price? if that's the buyout what happen to 3, 5, 7 that people here are calling for? what about those fools? ah right, in this world you're on you're own.
as I stated, and according to my models of POG at 1200, and 1500 au, at current price of 1.20 it's fairly valued, plus/minus 3 percent.
the bet is on. not that i expect you to honor it but you're on. good luck.