RE:Arras Valuation
I think they did the capital raise WITHOUT warrants, suggests a higher price already now. I think a valuation working towards $100 million ($2.20/share x 45 million shares), but my working model is actually closer to $10/share when it starts getting some new drill results next year. I also think the Silver Bull trading at $10 million valuation on its own is a joke, it is worth $60-$100 million on its own, I have always maintained it is a valuable asset at Sierra Mojada. Hard to see how to lose money on either of these as this point.