RE: BMOAfter all the thought that I put into what this stock was really worth to me right now when trading was halted, I really hope there is nobody trying to buy out Largo. I had initially said that it would take at least $3 to have someone buy this from me. But at this stage, in a little more than a year we'll be in production and Maracas alone, with a P/E multiple of 7-9x, would be in the $1.75 to $2.25 range (assuming vanadium price goes down to the 10-year average, it could be significantly higher at today's prices). So even a $3 bid, which probably sounds more than generous right now and would seem like a nice "move the decimal place" gain at first glance would be selling the potential on all the other properties for 75 cents/share or about $300 M.
Wait until we have Northern Dancer's PFS and we'll see how much of a mistake that would be. Of course, the trade off is the old 'bird in the hand vs two in the bush'. In this case we have the bird in the hand, Maracas, and the two in the bush are ND and CA.