RE:RE:RE:RE:RE:Pumpers are doing you an injustice apparanttley the market doesn't think you could get at least 1.50 as Fri it went down to 0.90...
the value is what someone would actually pay for it and not how much they invested in the project.
I see where you are coming from as I also thought was a good investment when I bought my shares but I was wrong, apparantley...
crazytimes wrote: . Development projects are not worth zero! That is completely ridiculous. lol Especially a high quality one in Canada that is at least half complete. . Just look at the high valuations of many junior gold mining companies with only development projects and no production. Kinross paid 1.8 Billion for Great bear! Centerra bought Goldfields, etc, etc. etc. No one is pumping here, just trying to be reasonable. But the bashing is unreal and completely detached from reality! Who knows where the price of the stock can be pushed short term, but that has nothing whatsoever to do with the quality and value of the assets. I would guess they could sell Magino tomorrow at a fire sale price of about $500 million or hopefully more if they wanted. That would be abouit $1.50 cash per share they could simply pay out as a one time dividend which would be almost double current share price. lol. I prefer they build it and reap the rewards and the fact that the new CEO is a miner makes me think he will go that way. That doesn't even include all their other assets. Just my opinion. DYOD!