RE: RE: RE: Resource estimate should be interestinGood to hear from you again ja, I wish there was an easy answer to your question. I believe that VIA had about 35M shares outstanding to ER's 100M but the price of gold has more than doubled since the sale of Eleonore. The appetite for risk has also diminished on the part of investors and company execs so will ER get bid up to the heights that VIA did? To complicate things further ER has potential economic grades of tellurium to sweeten the pot.
I honestly would value Eau Claire substantially more than Eleonore on a project to project basis but share structure and market dynamics make it harder to quantify what the final sale price will be. I'm not familiar with Eleonore's metallurgy but Eau Claire is as good as it gets, up to 98.8% recovery with gravity flotation is phenomenal. Even with all the intangibles involved I am hoping for a valuation at least equal to, if not exceeding, what VIA received for Eleonore.
Eleonore was sold before VIA ever produced a 43-101 resource estimate so much of the price was blue sky potential, much of which has since been realized by G. I think Eau Claire has more blue sky than Eleonore ever did, so take that for what you will, but I think all participating now may be surprised at what the eventual payday for shareholders turns out to be. Hope my comments haven't created more questions than they answered.
Cheers, Blacky