RE:My last predictionThe more I think about it, the more optimistic I become.
Many are numb because it has taken sooooo, sooooo looooong.
When we can
1-snap out of the longterm numbness
2-set aside our cautious optimism being that a decision is literally a few days away
3-and simply look at the numbers as a typical outside investor
.....then we should expect a lot more than $30, even in the short-term IMO
$30/share x 20 million shares is only a $600 million valuation
...... IMO I think $50 or more short-term is likely
$50/share x 20 million shares is only $1 Billion
Using the working model at today's ore prices, a $1 billion NPV provides for an approx 20% rate of return.
One has to ask who would't jump at a 20% rate of return?
And this doesn't even take into account that the low-grade ore that is now profitable because of the copper price.
At a 5% rate of return the mine is worth approx. $4 billion or $200 per share. Again this is without the extra 400 million? pounds of copper from the low-grade ore. Keep in mind that 400 million pounds at $4.40 USD per pound is over $2 billion in Canadian revenue.
Due to a number of factors, such as nearby infrastructure and being that it is a Canadian mine, I think we may even see a premium paid for Morrison.