MPV Anouncement - 12gaHey 12ga,
Your conclusion may also be possible. However given PE's management style, track record, rational approach to share accumulation, and solid relationship with the TIGs, I'd suggest that, barring an exceptional offer, he and his management team will proceed to production.
Most juniors would take your approach, I agree. But we've an enormous discovery here, larger than Diavik, and a much larger JV interest than what Aber had.
I've said from the get-go that I'd support a well valued buyout or proceeding through to production, whichever brings us the best shareholder value. I've owned and continued to accumulate since late summer 2004. I've encouraged family, friends, Faculty colleagues and students to take positions.
The timeline and route to the Finish is of little consequence, as you can be sure the final outcome will change the standard of living of the many value investors here. I'm patient and will continue to accumulate on weakness.
Cheers,
Brit